TAQA and ACWA Power Win $32 Billion Mega Hydrogen Projects in Morocco
Key Ideas
  • Abu Dhabi-based TAQA and Saudi Arabia's ACWA Power, along with other international and local companies, secured contracts for six hydrogen projects in South Morocco.
  • The total cost of the projects is estimated to be nearly $32 billion, marking a significant investment in green hydrogen production.
  • Various consortiums and companies will focus on ammonia production, industrial fuel, and green steel manufacturing, showcasing a diverse approach towards renewable energy.
  • The selection of these companies highlights the growing interest in hydrogen technology and signifies a step towards sustainable development in the region.
The Moroccan government has recently awarded multiple hydrogen projects to various international and local companies, including Abu Dhabi-based TAQA and Saudi Arabia's ACWA Power. The total cost of these projects is estimated to be nearly $32 billion, indicating a significant investment in green hydrogen production. Alongside TAQA and ACWA Power, companies like China's United Energy Group, Germany's Nordex, and Spain's Acciona and Cepsa have been selected for the construction of these projects. These projects will focus on different aspects of green energy, with some concentrating on ammonia production, industrial fuel, and green steel manufacturing. Notably, the companies chosen for the projects reflect a global collaboration effort, with consortiums involving firms from the United States, Spain, and Germany. This move showcases the diverse approach towards embracing renewable energy sources and signifies a positive step towards sustainable development in Morocco. The selection of these companies highlights the growing interest in hydrogen technology and underlines the importance of international partnerships in advancing green initiatives in the region.
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