Gaia Future Energy and HyDeal Launch HyDeal Africa

Source: www.gulfoilandgas.com 6/7/2023, Location: Africa

Gaia Future Energy, a leading green hydrogen energy developer in Africa, and HyDeal, the promoter of one of Europe’s largest green hydrogen projects, announce the launch of HyDeal Africa, a partnership aiming at offtaking, transporting and exporting mass-scale green hydrogen from Morocco and Mauritania to Europe at fossil fuel parity.

The partnership is a response to the stated objective of the European Union of importing 10 million tons of green hydrogen by 2030 as part of the RepowerEU program. It is also in line with the recent announcements of the governments of Morocco and Mauritania, who intend to turn their countries into green hydrogen superpowers and to transform their economies through this clean new energy.

HyDeal Africa is the first industrial implementation outside of Europe of the HyDeal Ambition platform, which was ranked in 2022 by the International Renewable Energy Agency (IRENA) as the largest green hydrogen initiative globally, with participants covering the complete hydrogen value chain (upstream, midstream, downstream and finance) and including such groups as Vinci, Enagás, GRTgaz, OGE and the European Investment Bank.

HyDeal Africa aims to import 1 million tons of green hydrogen by 2030 and 5 million tons by 2035 from Gaia Future Energy projects in Mauritania and Morocco in conjunction with strategic partners. It will focus its efforts to conduct a feasibility study on the design, development and construction of a coastal subsea hydrogen pipeline connecting Mauritania and Morocco to Spain to serve offtakers throughout the continent, leveraging on the opportunities offered by the H2Med pipeline project set to connect Spain to France and Germany by 2030.

Gaia Future Energy and HyDeal have already launched consultations to that effect with European institutions, national governments on both sides of the Mediterranean, key industry players and global financial institutions. The first stage of the pipeline feasibility study is expected to be presented at COP 28 in Abu Dhabi in November 2023.


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