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Gaia Future Energy, HyDeal Team Up to Launch HyDeal Africa

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Renewables firm Gaia Future Energy and HyDeal, the owner of one of Europe’s largest green hydrogen projects, have established HyDeal Africa – a strategic partnership set to export high volumes of cost-competitive green hydrogen from North Africa to Europe. HyDeal Africa will support the execution of a feasibility study on the construction and development of a subsea hydrogen pipeline from Morocco and Mauritania to Spain, further capitalizing on opportunities created by the proposed H2Med Pipeline, which is scheduled to connect Spain to France and Germany by 2030.

As a result, the initiative aims to facilitate the export of one million tons of green hydrogen by 2030 and five million tons by 2035 from emerging hydrogen hubs in Morocco and Mauritania. The first stage of the pipeline feasibility assessment is expected to be presented during COP28 in Dubai this December.

“The HyDeal model of vertically-integrated, mass-scale competitive green hydrogen infrastructures is a perfect match for the stated ambitions of North African governments and entrepreneurial energy players,” said Thierry Lepercq, President of HyDeal. “We are thrilled to team up with Gaia Energy, aiming at transforming the energy landscape on both sides of the Mediterranean and helping Europe substitute fossil fuels with a reliable, affordable, zero-carbon alternative.”

In an interview with Energy, Capital, & Power in April, Lepercq elaborated on the potential of Mauritania to become a green hydrogen exporter, stating, “This country has immense renewable resources, which could be a game-changer for the MSGBC region. It is a small economy, and to make it more competitive, it needs to focus on exploiting and marketing its resources through exports.”

HyDeal Africa aligns with the European Union’s plans to import as much as 10 million tons of green hydrogen by 2030, in a bid to decarbonize its energy-intensive industrial sectors.

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MSGBC, OIL, GAS & POWER 2023 CONFERENCE AND EXHIBITION

Under the patronage of H.E Mohamed Ould Cheik Ghazouani, President of the Republic of Mauritania in partnership with Ministry of Petroleum, Energy and Mines, the Société Mauritanienne Des Hydrocarbures Et De Patrimoine Minier (SMHPM), Petrosen, Cos Petrogaz and the African Energy Chamber, MSGBC Oil, Gas & Power will take place in Nouakchott, Mauritania, with the event serving as a catalyst for investment and multi-sector development in 2023. To find out more visit msgbcoilgasandpower.com or contact sales@staging.energycapitalpower.com.

Anne Laure Klein

Anne Laure Klein

Anne-Laure Klein works as a field editor for Energy Capital & Power. She graduated in Political Science with a Master's degree in International Relations and geopolitics. Before joining ECP, she worked as a Senior Account manager for International Tech and Energy companies. She is from French, Syrian and Italian descent, and fluently speaks English, French, Spanish and Italian. On a personal level, she is a seasoned traveler and has visited more than 110 countries.

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