Bordeaux (France), November 15, 2023 –
Hydrogène de France (HDF Energy), developer of large hydrogen infrastructure and manufacturer of high-power fuel cells, is pleased to announce its commitment as co-developer of the White Dunes project, an ambitious initiative aimed at establishing a hydrogen power plant. production of green hydrogen in the Dakhla region of Morocco. This collaboration was made possible thanks to HDF Energy’s upcoming minority stake in the project, sealing a strong partnership with Falcon Capital Dakhla, a leading Moroccan developer.
The White Dunes plant is intended to produce one of the most competitive green hydrogen in the world thanks to the electrolysis of water powered by solar and wind energy, exceptional in the Dakhla region. This is a giga-project developed as part of the Moroccan offer
Green Hydrogen
which, ultimately, could reach a capacity of 10 GW of wind energy, 7GW of photovoltaic energy and 8 GW of electrolysers. A first phase of the project estimated at an investment of 20 billion Moroccan Dirhams is under development.
HDF Energy and Falcon Capital Dakhla are complementary partners, each bringing their respective expertise to the project. Falcon Capital Dakhla, a leading Moroccan developer in the agriculture, energy and water sectors, brings in-depth knowledge of the local and regional market, while HDF Energy contributes with its technical and financial expertise in the development of large hydrogen infrastructures across the world.
In Morocco, HDF Energy is already active in the development of the Melhy project, in collaboration with the Société de Storage Marocaine (SOMAS). This is a giga-power station for underground hydrogen storage, in a salt cavity, which will allow 100% carbon-free electricity production day and night, integrating fuel cells from the HDF Energy factory in Bordeaux. The White Dunes project consolidates HDF Energy’s positioning in Morocco and will constitute a springboard for other strategic projects.
HDF Energy and Falcon Capital Dakhla have launched a fundraising process for the first phase of the White Dunes project, which will accelerate the development of this promising initiative. The goal is to begin construction in 2025, with hydrogen production planned for 2028.
Damien Havard, Chairman and CEO of HDF Energy, said:
“The collaboration with Falcon Capital Dakhla represents the perfect synergy between two complementary entities making it possible to produce in Morocco one of the most competitive green hydrogen in the world. The White Dunes project will help shape a more sustainable future for Morocco and the entire world.
»
Majid Slimani, President and CEO of Falcon Capital Dakhla, declared “
Thanks to the Enlightened vision of His Majesty King Mohammed 6, Morocco’s green hydrogen offer will allow local and foreign investors to have a reassuring legal framework and significant advantages to establish themselves and produce green hydrogen in Morocco . Above all, White Dunes embodies dedication to the cause of green energy and commitment to shaping a cleaner, brighter and more sustainable future for Morocco. To carry out this project, we devoted almost two full years to the feasibility study. During the last two years, we have been able to define a preliminary design of the project as well as a phasing over a total projected area of 150,000 Ha. This design was obtained in particular thanks to the installation of a measuring mat as well as the implementation of a preliminary environmental and social impact study in order to determine the sensitive areas of fauna and flora in the region.
»
ABOUT HYDROGENE DE FRANCE (HDF Energy)
HDF Energy is a leading global player in the hydrogen sector, developer of large-scale hydrogen infrastructure and multi-megawatt fuel cell manufacturer. Thanks to its cutting-edge technological solutions, the Group is working to decarbonize the electricity production, heavy mobility and industry sectors.
With its flagship model of Renewstable® hydrogen power plant, HDF Energy provides, turnkey, green, stable and guaranteed energy for electricity networks, from intermittent renewable energy sources and massive energy storage on site in the form of green hydrogen. With a team of hydrogen infrastructure experts with more than 10 years of operational experience across the entire value chain, HDF Energy has already built up a significant portfolio of projects currently being deployed.
In addition, HDF Energy has key technological know-how in the development of multi-megawatt fuel cells. From 2024, the Group will launch their mass production in its factory near Bordeaux. HDF fuel cells are intended for integration into hydrogen power plants, freight locomotives and ships.
HDF Energy has more than 30 nationalities among its workforce distributed between its French headquarters and its regional subsidiaries in Latin America, the Caribbean, Asia, Africa and Oceania. The group, listed on the Euronext Paris stock exchange since 2021, is a member of the Euronext Tech Leaders segment.
More information: www.hdf-energy.com
ABOUT FALCON CAPITAL DAKHLA
Falcon Capital Dakhla is a Moroccan player present in several sectors, notably energy, agriculture and water in Morocco and Qatar. Falcon Capital Dakhla initiated the development of the project
White Dunes
in 2021.
More information: www.falconcapital.ma
Contacts
|
Investor Relations |
Press relations |
Helene de Watteville | Serena BONI |
This publication has the “🔒 Actusnews SECURITY MASTER” service.
– SECURITY MASTER Key:
nZlpkZxoZZebyGxqacaaa5Nsm5phm5WWmmKdxmJxZMiYaGtjyJtla5rIZnFjnmhu
– To control this key:
https://www.security-master-key.com.
Regulated information:
Inside information:
– Other press releases
Full and original press release in PDF format:
https://www.actusnews.com/news/82938-cp_white-dunes_fr.pdf
© Copyright Actusnews Wire
Receive future company press releases free of charge by email by subscribing to www.actusnews.com