According to a report by Masdar, Morocco has the ability to create and export cost-competitive green hydrogen and derivatives like green ammonia due to its wealth of renewable energy resources.
According to the report, which was recently released by the UAE state-owned corporation on the sidelines of COP 27, Morocco is predicted to create green hydrogen at a cost of less than $2 per kilogram in 2030 and less than $1 per kilogram in 2050.
Morocco plans to export green hydrogen and its derivatives to Europe at competitive prices. The full cost of delivering a commodity, including transportation charges, taxes, and insurance, is known as the “landed cost.”
According to Masdar, Africa may produce 30 to 60 million tonnes of green hydrogen annually by 2050, capturing up to 10% of the world market. Over the following three decades, this might lead to the development of 3.7 million new employment and an increase in the continent’s GDP of $60–120 billion.
On the list are the green hydrogen megaprojects Total Eren in Morocco, Total and Chariot Nour in Mauritania, the hydrogen-diesel dual fuel locomotive project in Namibia, Alfanar green ammonia in Egypt, and the ArcelorMittal and Sasol green derivatives project in South Africa.
By October 15th, 23 green hydrogen projects in Africa had received $30 billion in financing, totaling 48 gigawatts of electrolysis capacity (GW). The initiatives make up 3% of all green hydrogen projects that have been announced globally.
With the cost of renewable energy generally declining, these expenditures are anticipated to lower the price of producing green hydrogen on the continent to $1.8-2.6 per kilogram in 2030 and $1.2-1.6 per kilogram in 2050.
