European Union and individual countries and companies have begun making massive commitments to green hydrogen and other forms of green energy in Africa, including provisions for exports from the continent to serve Europe’s domestic needs. The recent signing of a US$34 billion dollar agreement for a giant green hydrogen project in Mauritania is just one of those developments. A 2022 EIB report, dubbed Africa’s extraordinary green hydrogen potential, projects the continent will reach an annual production capacity of 50 million tonnes of green hydrogen by 2035 at a competitive price of below $2 per kilogram. Africa’s large potential capacity for green hydrogen production and the resultant competitive pricing has seen the continent referred to as the world’s new energy powerhouse. Australia, Saudi Arabia and British firms are also showing a growing interest in Africa’s emerging green hydrogen sector.

Source: The North Africa Journal March 15, 2023 21:52 UTC