Tunisia's Green Hydrogen Leap: HDF Energy's €3 Billion Investment
Key Ideas
  • HDF Energy partners with Tunisia for a €3 billion green hydrogen project to produce 65,000 tonnes of hydrogen primarily for European export, aligning with Tunisia's green energy strategy.
  • The project involves 1 GW of wind energy, 500 MW of photovoltaic energy, and 800 MW of electrolysers, enhancing Tunisia's position in the renewable energy and gas industries.
  • Local investors and communities in Tunisia will be engaged, fostering economic growth and industrial development, while contributing to global energy transition efforts.
  • Tunisia aims to produce 8.3 million tons of green hydrogen by 2050, attracting investments of around €120 billion and solidifying HDF Energy's reputation as a leader in the green hydrogen sector.
HDF Energy, a major player in the hydrogen industry, has signed a Memorandum of Understanding with the Republic of Tunisia to establish a large-scale green hydrogen production project with an initial investment of €3 billion. This project, aimed at serving both the European market and domestic needs, aligns with Tunisia's strategy to become a leader in green hydrogen production by utilizing its abundant solar and wind resources. The partnership outlines a project that includes 1 GW of wind energy, 500 MW of photovoltaic energy, and 800 MW of electrolysers capable of producing up to 65,000 tonnes of hydrogen. The produced green hydrogen is intended for export to Europe through the SoutH2 corridor, enhancing Tunisia's role in the green energy sector. The collaboration also emphasizes the involvement of local investors, communities, and various economic sectors in Tunisia, leveraging the country's existing renewable energy and gas industries. By signing this agreement, Tunisia positions itself to produce 8.3 million tons of green hydrogen by 2050, attracting significant investments amounting to around €120 billion. HDF Energy's Vice President for EMEA expressed the company's commitment to not just executing a project in Tunisia but establishing a truly Tunisian initiative by harnessing local expertise. This project is set to empower Tunisia to competitively produce green hydrogen on a global scale. HDF Energy, known for its focus on hydrogen infrastructure and fuel cell technology, is set to launch its production in 2025 near Bordeaux. The company's projects, such as Renewstable® power plants, aim to deliver stable renewable power by integrating on-site energy storage in the form of green hydrogen. With a team of over 150 hydrogen experts and a portfolio exceeding €5 billion, HDF Energy is a key player in the green hydrogen sector and is listed on the Euronext Paris stock market.
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