Renewable Energy Moroccan-French venture to build $2bn green hydrogen plant By Pramod Kumar November 19, 2023 Reuters/Denis Balibouse The White Dunes project seeks to produce 10 gigawatts (GW) in wind energy, 7 GW in photovoltaic energy and 8 GW in electrolysis Morocco-headquartered Falcon Capital Dakhla and France’s HDF Energy have signed a deal to build a $2 billion green hydrogen production plant in the Moroccan coastal region of Dakhla. The White Dunes project seeks to produce 10 gigawatts (GW) in wind energy, 7 GW in photovoltaic energy and 8 GW in electrolysis. “We have devoted nearly two full years to feasibility studies, preliminary project design, and phased planning across a projected area of 150,000 hectares,” Majid Slimani, founder and president of Falcon Capital Dakhla. Morocco’s government inNOvember 2022 announced plans to reduce energy costs for factories by 20-30 percent through a combined strategy of investing in renewable energy and the decarbonisation of industries. Morocco has set ambitious targets of generating 52 percent of its energy needs from renewables by 2030 – comprised of 20 percent solar, 20 percent wind and 12 percent hydro. It has also set a target of 80 percent renewables by 2050.
