Member Info for Danielm89

Https://energynews.pro/en/the-european-union-announces-third-hydrogen-production-tender-with-e1-billion-funding/

EU/BANK OF MAURITANIA/TOTAL

plenty of options, the amounts are staggering

There’s no world total let us have 50% of this… without a bidding war

Holy moley 😅

Project Nour’s economics promise a transformative boost for Mauritania, leveraging its world-class solar and wind resources to produce green hydrogen at a competitive $1.5-2 per kg, potentially generating $3-5 billion annually from exports like green ammonia to Europe and green steel domestically, while increasing GDP by 40-60% by 2035. With a $3-5 billion initial investment for its 3 GW first phase—supported by Chariot, TotalEnergies, and Mauritania’s Green Hydrogen Bill offering tax incentives—the project could create thousands of jobs, yield 50 million m³ of desalinated water yearly, and position Mauritania as a global hydrogen leader, delivering a 2-3x economic multiplier through sustainable growth and decarbonization.

Https://www.oecd.org/content/dam/oecd/en/about/programmes/cefim/green-hydrogen/project-nour-case-study.pdf/_jcr_content/renditions/original./project-nour-case-study.pdf

Last page

“European Bank of Mauritania to fund”

Https://hydrogen-central.com/morocco-approves-green-hydrogen-projects-worth-32-5-billion/

Be a tiny but strategic play for them

Huge for us

Especially as we’re tied in on the green hydrogen too

Makes you wonder… what if total are sniffing out anchois 👀

Https://en.7news.ma/totalenergies-vivo-energy-join-forces-to-expand-aviation-logistics-in-south-morocco/?amp=1

Should open better

Our JVs JVing 🤔

Very random …..

I recon the green hydrogen JV is very very close..

Https://www.africabusinessplus.com/en/822321/totalenergies-and-vivo-energy-form-joint-venture-in-morocco/

Wow… seen this 👀

Https://africanreview.com/energy/africa-s-hydrogen-horizon-expands-rapidly

1.97 wanted for 500k

Live spread much tighter

Still buyers nt at 1.8

Chartwise should be mid 2s+ this week imo

### Connection to Your Query

Your earlier question about "248 GWh of electricity annually in South Africa revenue" aligns perfectly with this project, as Mulilo’s announcements (e.g., SolarQuarter, March 18, 2025) confirm this output. If you intended a broader context (e.g., national totals), let me know, but this project seems the intended focus given the exact match.

### Final Answer

The Du Plessis Dam PV2 project, a 75 MWac solar PV facility near De Aar, will generate 248 GWh annually, yielding an estimated **R744 million (~$41.3 million USD)** in revenue at R3.00/kWh. Construction begins in Q2 2025, backed by a $155 million financial package, marking a milestone in South Africa’s renewable energy market. For more precision (e.g., exact PPA rates)

The Du Plessis Dam PV2 project is a significant solar photovoltaic (PV) initiative in South Africa that aligns with your earlier question about 248 GWh of electricity annually, as this project is explicitly linked to that output. Here’s a detailed breakdown based on available information:

### Overview

- **Location**: Near De Aar, Northern Cape, South Africa.

- **Capacity**: 75 MWac (alternating current) or 105 MWdc (direct current, installed capacity). The difference reflects conversion losses from DC (produced by solar panels) to AC (used by the grid).

- **Developer**: Mulilo, a South African independent power producer, in partnership with H1 Capital.

- **Offtaker**: Etana Energy, a South African electricity trading platform co-owned by Chariot Limited (49%) and H1 Holdings (51%), has secured the entire output via a 20-year Power Purchase Agreement (PPA).

- **Status**: Reached financial close in March 2025, with construction set to begin in Q2 2025 (April–June 2025).

### Electricity Output and Revenue

- **Annual Generation**: The project is expected to produce approximately **248 GWh** (gigawatt-hours) of electricity per year. This matches your prior query, confirming its relevance.

- **Revenue Estimate**: Using the same methodology as before (since no project-specific tariff is publicly detailed):

- At an assumed retail price of **R3.00 per kWh** (a reasonable 2025 estimate for South Africa, adjusted for inflation and market trends):

- 248,000,000 kWh × R3.00/kWh = **R744 million annually**.

- Converted to USD (assuming ~R18/$1 exchange rate): **~$41.3 million USD per year**.

- Note: The actual PPA rate might differ (e.g., wholesale rates could be lower, around R1.50–R2.00/kWh, yielding R372–R496 million), but R3.00 provides a mid-range consumer-level benchmark.

### Financing

- **Total Investment**: Financial close was supported by a $155 million finance guarantee, though specific debt-equity splits vary by source:

- Standard Bank provided a R1 billion (~$55.6 million) payment guarantee.

- Norfund contributed R372 million (~$20.7 million) via preference shares.

- GuarantCo and British International Investment offered a $100 million guarantee facility.

- This mix reflects strong investor confidence in South Africa’s renewable sector and Etana’s aggregator model.

### Significance

- **Energy Aggregator Model**: Du Plessis Dam PV2 is among the first South African projects to close under this innovative approach, where Etana wheels electricity across the national grid to commercial and industrial clients, bypassing traditional utility monopolies like Eskom.

- **Contribution**: It adds to South Africa’s renewable capacity (195 TWh total demand in 2023), providing ~0.13% of annual needs and supporting decarbonization goals.

- **Timeline**: With financial close on March 18, 2025, and construction starting Q2 2025, commissioning might occur by late 2026 or early 2027, depending on build durat

Read the last few RNS they clearly state tightening their belts till the green side gets financing

Iv been saying for 3 days now, people aren’t realising the uptake on cash burn that’s eased

He’s deffo short or missed the entry 😂