On the sidelines of the COP26 climate summit, Mauritania and CWP Global announced the start of the implementation of the second phase of the project, which aims to produce 30 gigawatts of wind and solar energy and a major center for green hydrogen production.
Hydrogen dominated much of the discussion during the COP26 climate summit, as an important solution to reducing emissions and achieving carbon neutrality.
Last May, the Mauritanian government signed a memorandum of understanding with CWP Global to build a 30GW wind and solar energy complex in the northern part of Mauritania, which is expected to be the largest renewable energy project in the world. The project called “Aman” is $40 billion, to be allocated an area of 8,500 square kilometers in the Mauritanian deserts.
The joint statement between the Mauritanian Ministry of Petroleum, Minerals and Energy and CWP confirmed that the project is the largest green hydrogen production project in the world, as it aims to produce 10 million tons of green ammonia, which will enhance food security, access to green fuels and a huge new export industry.
On the sidelines of the COP26 climate summit, the two sides agreed on the timetable for the development of the “Aman” project, as it is expected to complete the economic feasibility studies by December 2022, and the environmental and social impact studies by June 2023, provided that the nutrition scheme will be completed By December 2024.
The two parties indicated that it is expected to take the final investment decision, sign financing agreements, and start implementing the project by 2025, provided that production from the project will start before 2030.
Preliminary economic studies indicate that the Aman project will have a significant impact on Mauritania’s economy and will provide thousands of direct and indirect jobs, while contributing to the global energy transition and international efforts to combat climate change.
It also encourages the development of other related projects in Mauritania, in the fields of desert agriculture, hydrogen-based transportation, iron processing and other industries that require abundant amounts of energy and water, which will have a direct impact on reducing carbon emissions.
The Minister of Petroleum, Abdelsalam Ould Mohamed Saleh, called on all actors and partners to invest in Mauritania, given its exceptional resources of wind and solar energy, which if harnessed well to produce clean and low-cost electricity and produce large quantities of green hydrogen and ammonia, will create a boost. Enormous and new industry in the country, supports the global energy transition.
SOURCE: COP26 MEETING