https://newsletter.en.creamermedia.com
Africa|Building|Coal|Energy|Export|Ports|Power|PROJECT|Proximity|Renewable Energy|Solar|Technology
Africa|Building|Coal|Energy|Export|Ports|Power|PROJECT|Proximity|Renewable Energy|Solar|Technology
africa|building|coal|energy|export|ports|power|project|proximity|renewable-energy|solar|technology

Billionaire Adani to target Europe with huge Morocco clean energy project

21st October 2022

By: Reuters

  

Font size: - +

Gautam Adani, Asia’s richest person, is in exploratory talks for a giant renewables project in Morocco, which would aim to supply electricity and emissions-free fuel to Europe.

Adani’s coal-to-ports conglomerate is considering building wind and solar generation plants in the North African nation and facilities to produce green hydrogen for export, according to people familiar with the proposals and who requested anonymity to discuss private details.

The project, which would be Adani’s largest clean power development outside India, could be as large as 10 GW, according to one of the people. That would be almost equal to Morocco’s existing installed energy generation capacity, which includes a total of about 2.8 GW of wind and solar, according to BloombergNEF data.

The development would be delivered in two stages of 5 GW and includes plans to supply power locally and to export some electricity direct to Europe, one of the people said. Under the proposals, Adani is also in talks with Morocco’s state-owned OCP Group for the sale of hydrogen, which the fertilizer maker could use as feedstock to produce carbon-free ammonia, according to a separate person.

Adani didn’t respond to an email. Moroccan energy ministry, its fertilizer maker OCP as well as the state renewable energy agency Masen didn’t respond to emailed requests for comment either.

It could be years before we see any green hydrogen being exported to Europe, given progress in the technology. A 4GW green-hydrogen project in Saudi Arabia is slated to take four years to finish.

Nations in North Africa and parts of the Middle East are increasingly being identified as potential major green hydrogen hubs because of their abundant sunshine and wind, and proximity to key export markets including Europe. In July, India-based ReNew Energy Global signed an initial pact to build an $8-billion green hydrogen project in Egypt.

Adani aims to make his empire the world’s largest producer of clean power by the end of the decade, though continues to make major investments in fossil fuels. He’s focusing heavily on development of a green hydrogen sector, and sees the zero emissions fuel as key to enable the decarbonization of heavy industry in India and overseas.

Competitors including billionaire Mukesh Ambani’s Reliance Industries and India’s state-run energy giants like NTPC and Indian Oil are also seeking to be among leading champions of the clean fuel.
 

Edited by Reuters

Comments

Projects

Showroom

Yale Lifting Solutions
Yale Lifting Solutions

Yale Lifting Solutions is a leading supplier of lifting and material handling equipment in Southern Africa. Yale offers a wide range of quality...

VISIT SHOWROOM 
ESAB showroom image
ESAB South Africa

ESAB South Arica, the leading supplier of high-end welding and cutting products to the Southern African industrial market is based in...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 22 November 2024
Magazine round up | 22 November 2024
22nd November 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.071 0.166s - 190pq - 2rq
Subscribe Now