CWP Global signs MoU to develop 10 GW of renewables, green H2 in Djibouti
Hydrogen molecule. Source: Mainspring Energy.
US-based developer CWP Global on Monday signed a memorandum of understanding (MoU) with the government of Djibouti to launch a 10-GW renewable energy project that will power downstream green hydrogen and ammonia production in the Horn of Africa nation.
The project will benefit from Djibouti’s exceptional wind and solar resources, land availability and easy access to the sea, with the government saying that such development would require an investment of “tens of billions of dollars” according to its preliminary analysis.
The effort will also include construction of access roads, cable networks, pipelines, port loading facilities and potable water supply infrastructure.
“Once implemented, this project will allow our country to significantly increase its supply of renewable energy, diversify its energy sources, strengthen its energy security with the objective of achieving a 100% electrification rate by 2035 and create economic opportunities arising from the development of the high value-added industry with strong potential for hydrogen and green ammonia,” Djibouti’s ministry of energy and natural resources said in a statement.
“CWP is thrilled to have signed this agreement and to now have a clear action plan with the Government of Djibouti on an exciting new green power and hydrogen industry at the tip of the Horn of Africa,” added CWP Global’s chairman Mark Crandall.
Djibouti’s attractive location and abundance of renewable energy resources drew another large green hydrogen investor to the country this year. In July, Australia’s Fortescue Future Industries (FFI) signed a framework agreement with the Djibouti government to study green hydrogen opportunities.
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