A new green hydrogen hub is aiming to realize Africa’s ambitions of a clean energy transition. A leading renewable energy developer – CWP Global is joining the Government of the Republic of Djibouti to move forward with a new 10GW renewable energy and green hydrogen hub.
They signed a landmark agreement in a ceremony in Djibouti on Monday, December 5th, laying the foundations of a massive green project with large implications for the energy landscape in Africa.
The hub will aim to provide more secure energy supplies, create green jobs and generate exports to fast-emerging markets for low-carbon fuels and industrial products.
“My recent discussions with President H.E. Ismail Omar Guelleh, and our work so far with Minister for Energy in Charge of Natural Resources, H.E. Mr Yonis Ali Guedi and his team, have confirmed our alignment and shared vision for a pioneering 10GW renewable energy hub with the capacity to diversify Djibouti’s energy mix, provide secure potable water supplies to local communities, further develop local and regional agriculture, and open the door to emerging international markets for green hydrogen and derivatives, including green ammonia,” said CWP Global Chairman, Mark Crandall.
So far, CWP has seven large-scale renewable and green hydrogen projects under development across three continents – Africa, Australia and South America. Among the projects is its flagship 26GW Australian Renewable Energy Hub (AREH) in Western Australia, where BP took a 40.5% stake and assumed operatorship.
It will utilize wind and solar energy for hydrogen production. It was also awarded Major Project Status in recognition of its strategic importance and economic potential for Australia.
CWP announced other developments this week. CWP Renewables was acquired by Squadron Energy – the Australian mining billionaire Andrew Forrest’s private firm, for more than A$4 billion ($2.7 billion), as Mr Forrest seeks to speed Australia’s transition to green energy.
He has been active in its efforts to push Australia to phase out fossil fuels and grow a green hydrogen business through his iron ore company, Fortescue Metals Group, and his private firm Squadron. He claims the world must move on from fossil fuel and Australia has a very competitive product – green hydrogen.