Adani group is Aiming To Export Green Hydrogen To Europe From Morocco
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.
According to people familiar with the proposals (and who have requested anonymity to discuss private details), the company is considering building wind and solar generation plants in the North African nation and facilities to produce green hydrogen for export.
The sources added that the project, which would be Adani’s most extensive clean power development outside of India, could be as large as 10 gigawatts in capacity. That would be almost equal to Morocco’s existing installed energy generation capacity, including about 2.8 gigawatts of wind and solar (as per BloombergNEF data).
The development would be carried out in two stages, each of which would be 5 gigawatts. It would involve both the provision of supplying power locally and the direct export of some of that power to Europe.
Adani is also in discussions with the state-owned OCP Group regarding the sale of hydrogen, which the fertilizer manufacturer could use as feedstock to produce carbon-free ammonia.
Because of their abundant sunshine and wind and proximity to important export markets like Europe, countries in North Africa and parts of the Middle East are increasingly being recognized as having the potential to become major hubs for producing green hydrogen.
For instance, in July, ReNew Energy Global, another Indian company, signed an initial pact to construct a green hydrogen project in Egypt that is estimated to cost $8 billion.