GreenGo Energy Signs Agreement for Megaton Moon Green Hydrogen Project in Mauritania
Key Ideas
- GreenGo Energy signs agreement for Megaton Moon green hydrogen project in Mauritania, marking its first venture in Africa.
- Phase one of the project, expected by the end of 2029, will deploy 500MW of electrolysis, 600MW of onshore wind, and 600MWp of solar PV, producing 339,000t of green ammonia annually.
- Mauritania offers exceptional solar and wind resources, coastal access, and cost advantages for green hydrogen production, with the project aiming to address water, power, and resource shortages.
- GreenGo Energy commits to socioeconomic progress in Mauritania by partnering with educational institutions and emphasizing the country's potential for investment in green energy.
GreenGo Energy has signed an agreement for the Megaton Moon green hydrogen project in Mauritania, marking its first venture in Africa. The project, located near Nouakchott, will follow a phased approach to align with market demand and supply chain readiness from 2029 to 2033. Phase one, expected by the end of 2029, will deploy 500MW of electrolysis, 600MW of onshore wind, and 600MWp of solar PV, producing 339,000t of green ammonia annually. Mauritania's advantages for green hydrogen production include exceptional solar and wind resources, coastal access for water desalination and export, and production costs up to 50% lower than in northern Europe. The project aims to address water, power, and resource shortages, with a focus on transforming Nouakchott and surrounding areas into hubs of green industrial and urban development. GreenGo Energy will finance the project through a partnership model involving strategic investors and showcase expertise in executing large-scale renewable energy projects. The company also emphasizes socioeconomic progress in Mauritania through educational and vocational training programs for the local workforce. CEO Karsten Nielsen highlighted Mauritania's potential as a leader in the global energy transition with competitive production costs, positioning the country as an attractive environment for investment.
Topics
Utilities
Renewable Energy
Sustainability
Education
Investment
Partnership
Economic Growth
African Development
Community Development
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