$34B agreement for green hydrogen project in Mauritania signed

An agreement for a $34 billion green hydrogen project in Mauritania was inked by the German project developer Conjuncta, Egypt’s energy company Infinity, 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.

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.

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