Conjuncta, a German project developer, announced on Wednesday that it has signed a memorandum of understanding for a $34 billion green hydrogen project in Mauritania with the West African nation, Egypt’s Infinity Energy, and Masdar of the United Arab Emirates.
The project, which was announced in a joint statement by the corporation, the participating companies, and the Mauritanian government, will have an annual production capacity of up to 8 million tonnes of green hydrogen or other hydrogen-based end products.
Conjuncta CEO Stefan Liebing stated that “(this project) will have a strong link to Germany” as a technology supplier and possible buyer of green energy.
In order to offset its reliance on Russian fuel imports and achieve its climate goals, Germany has been rushing to expand its renewable energy production. Berlin gave its approval for the first hydrogen pipeline network in the nation’s history in December.
It was stated that the 400-megawatt first phase of the Mauritania project, which would be built northeast of the seaside capital of Nouakchott, should be finished in 2028.
The economy ministry and the German government were unavailable to comment on the accord right away.
