Adani to Target Europe with Morocco Renewable Energy Project

Saturday, October 22, 2022 Edit this post

By IndraStra Global News Team

Adani to Target Europe Morocco Renewable Energy Project

The most recent article published by Bloomberg News states that India's Adani Group is participating in preliminary discussions with Moroccan authorities regarding a massive renewable energy project to supply Europe with emission-free energy, including electricity and green fuel. 

According to people familiar with the proposals (and who have requested anonymity to discuss private details), the company is considering building wind and solar generation plants in the North African nation and facilities to produce green hydrogen for export. The sources added that the project, which would be Adani's most extensive clean power development outside of India, could be as large as 10 gigawatts in capacity. That would be almost equal to Morocco's existing installed energy generation capacity, including about 2.8 gigawatts of wind and solar (as per BloombergNEF data).

Image Attribute: The file photo of Adani's Kamuthi Solar Park in Tamil Nadu, Southern State of India. Dubbed as one of the largest solar photovoltaic plants in the world. / Source: Wikimedia Commons

Image Attribute: The file photo of Adani's Kamuthi Solar Park in Tamil Nadu, Southern State of India. Dubbed as one of the largest solar photovoltaic plants in the world. / Source: Wikimedia Commons

The development would be carried out in two stages, each of which would be 5 gigawatts. It would involve both the provision of supplying power locally and the direct export of some of that power to Europe. Adani is also in discussions with the state-owned OCP Group regarding the sale of hydrogen, which the fertilizer manufacturer could use as feedstock to produce carbon-free ammonia.

Because of their abundant sunshine and wind and proximity to important export markets like Europe, countries in North Africa and parts of the Middle East are increasingly being recognized as having the potential to become major hubs for producing green hydrogen. For instance, in July, ReNew Energy Global, another Indian company, signed an initial pact to construct a green hydrogen project in Egypt that is estimated to cost $8 billion.

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IndraStra Global: Adani to Target Europe with Morocco Renewable Energy Project
Adani to Target Europe with Morocco Renewable Energy Project
By IndraStra Global News Team
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