Polish energy company Green Capital Group has unveiled plans to develop a massive 8-gigawatt (GW) green hydrogen project in Dakhla, Morocco, over the next five years.
The project, which is part of the company’s international expansion strategy, will use renewable energy sources such as wind and solar to produce green hydrogen. The hydrogen will then be sold to industrial consumers through medium-voltage lines.
Green Capital Group has already identified the site location for the project and is in the process of finalizing the budget. The company is targeting the regions of Tangier, the Oriental region, Marrakech-Safi, Taza, Fes, and Laayoune for these projects.
The investment in Morocco’s green hydrogen potential is part of a broader trend of European investment in renewable energy projects in Africa. The European Investment Bank has estimated that Africa’s capacity for green hydrogen production could represent a 1 trillion-euro investment opportunity.
The Green Capital Group project has the potential to make Morocco a major green hydrogen producer. The project is expected to create significant jobs and boost the Moroccan economy.
Green hydrogen is a clean and renewable fuel that can be used to decarbonize a variety of industries, including transportation, manufacturing, and power generation. The development of green hydrogen production in Morocco could help to reduce greenhouse gas emissions and improve air quality.
The Green Capital Group project is a significant step forward for the development of green hydrogen production in Morocco. The project has the potential to make Morocco a major green hydrogen producer and contribute to the country’s economic development and environmental sustainability.