Africa focused transitional energy company, Chariot Limited, has announced the completion of a pre-feasibility study (PFS) for the 10GW green hydrogen project, “Project Nour” in Mauritania. The company also signed a Framework Agreement with Mauritania’s Ministry of Petroleum, Mines & Energy, which maps out the next phases of development.
According to Chariot, the pre-feasibility study confirms that Mauritania is exceptionally well-placed for green hydrogen production due to its vast solar and wind resources. The company says Project Nour has the potential to produce some of the cheapest green hydrogen in the world. With up to 10 GW of electrolysis installed, the facility could become one of the largest green hydrogen projects globally by 2030.
“The results of the PFS have underlined our belief in the economics and scale of this asset. Project Nour has the potential to be one of the key sources of green energy of the future with the opportunity to deliver a wide range of positive impacts, and we are delighted to be partnering with the Government to help realise its ambition to become a world leader in the production, and export of this valuable resource,” said Adonis Pouroulis, Acting CEO of Chariot.
Mauritania’s unique positioning in the hydrogen race
Chariot signed a Memorandum of Understanding (MoU) with Mauritania’s Ministry of Petroleum, Mines & Energy on the project in September last year. The company was given exclusivity over an onshore and offshore area totalling approximately 14,400 km2 to carry out pre-feasibility, and feasibility studies with the intention of generating electricity from solar and wind resources to be used in electrolysis to split water to produce green hydrogen and oxygen.
“We are very pleased that the PFS has confirmed the world class potential of Project Nour, both in its unique capacity to generate green hydrogen and for the broader development opportunities that it could bring to Mauritania. It is exciting to be looking to harness our natural resources in this way and Chariot has our full support as they progress this through the detailed feasibility studies,” commented Abdessalam Ould Mohamed Saleh, the minister of Petroleum, Mines & Energy in Mauritania.
Mauritania’s proximity to large European markets makes it an attractive market for investors looking to produce green hydrogen and its by-products for the export market. Touted as “the fuel of the future”, green hydrogen is expected to play a key role in decarbonising various industries such as transport, maritime, aviation, mining, etc.
Hydrogen is also emerging as one of the leading options for storing energy from renewables, with hydrogen-based fuels potentially transporting energy from renewables over long distances – from regions with abundant energy resources, to energy-hungry areas thousands of kilometres away. Africa’s abundant renewable energy resources and land has sparked interest from international investors looking to capitalise on the opportunities being presented by the energy transition, and the net-zero emissions race.
Green hydrogen featured in a number of emissions reduction pledges at the UN Climate Conference COP26 last year, with several governments and corporations both acknowledging green hydrogen as an important pillar of a net zero economy.