CWP AND MAURITANIA SIGN MOU FOR THE DEVELOPMENT OF A US$40 BILLION GREEN HYDROGEN PROJECT

The government of Mauritania and renewable energy developer CWP Global have signed a Memorandum of Understanding for the development of a 30GW “Power-to-X” project. This momentous announcement sets the stage for development work to begin on what will be the world’s biggest renewable energy project, exporting green hydrogen and its derivatives to global markets. The project, called “AMAN”, will be located in the North of the country on a desert site of approximately 8,500km².

CWP, one of the developers behind the 26GW Asian Renewable Energy Hub, is a global pioneer in the development of ultra-large-scale green hydrogen hubs. The company identified Mauritania as one of the best locations on the planet for the production of low-cost green hydrogen. The project’s hybrid wind and solar generation benefits from a stable, high-capacity factor profile at the desert site, promising some of the cheapest clean energy in the world, and making it ideal for massive-scale green hydrogen and its derivatives. The 30GW of wind and solar will power electrolysers for the production of green hydrogen, and will play a significant role in reducing carbon pollution from energy generation, transport, agriculture and steel production, and contribute towards the net zero emissions trajectories required to achieve the goals of the Paris Agreement.

The Mauritanian government has opened the door to international investors and committed to accelerate progress on the project’s development and approvals process.

Source: CWP Global