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Interest shown by Asia's richest man.
Billionaire Adani to target Europe with huge Morocco clean energy project
Adani’s coal-to-ports conglomerate is considering building wind and solar generation plants in the North African nation and facilities to produce green hydrogen for export, according to people familiar with the proposals and who requested anonymity to discuss private details.
Adani’s coal-to-ports conglomerate is considering building wind and solar generation plants in the North African nation and facilities to produce green hydrogen for export, according to people familiar with the proposals and who requested anonymity to discuss private details.
The project, which would be Adani’s largest clean power development outside India, could be as large as 10 gigawatts, according to one of the people. That would be almost equal to Morocco’s existing installed energy generation capacity, which includes a total of about 2.8 gigawatts of wind and solar, according to BloombergNEF data.
The development would be delivered in two stages of 5 gigawatts and includes plans to supply power locally and to export some electricity direct to Europe, one of the people said. Under the proposals, Adani is also in talks with Morocco’s state-owned OCP Group for the sale of hydrogen, which the fertilizer maker could use as feedstock to produce carbon-free ammonia, according to a separate person.
Adani didn’t respond to an email. Moroccan energy ministry, its fertilizer maker OCP as well as the state renewable energy agency Masen didn’t respond to emailed requests for comment either.
It could be years before we see any green hydrogen being exported to Europe, given progress in the technology. A 4GW green-hydrogen project in Saudi Arabia is slated to take four years to finish.
Nations in North Africa and parts of the Middle East are increasingly being identified as potential major green hydrogen hubs because of their abundant sunshine and wind, and proximity to key export markets including Europe. In July, India-based ReNew Energy Global signed an initial pact to build an $8 billion green hydrogen project in Egypt.
Adani aims to make his empire the world’s largest producer of clean power by the end of the decade, though continues to make major investments in fossil fuels. He’s focusing heavily on development of a green hydrogen sector, and sees the zero emissions fuel as key to enable the decarbonization of heavy industry in India and overseas.
https://en.hespress.com/50761-policy-center-europe-has-strategic-interest-in-promising-morocco-nigeria-pipeline.html/amp
A morrocan report on the African pipeline and its value to the EU.
Sorry I tried to copy a link but it's not happening.
The Hevo Ammonia Morocco project has an estimated budget of MAD7.5bn ($850m). Upon completion in 2026, the facility will have the capacity to produce 31,000t of green hydrogen annually, to be converted into 131,000t of green ammonia.
The project will be developed by a team comprising Nasdaq-listed Irish electrolyser maker Fusion Fuel and Lebanon’s Consolidated Contractors Company (CCC).
That's the main text of a report by meed?
The Interconnector Greece-Bulgaria (IGB) pipeline will transport 1 billion cubic metres (bcm) of Azeri gas to Bulgaria.
With an initial capacity of 3 bcm per year and plans to later raise this to 5 bcm, the pipeline could provide non-Russian gas to neighbouring Serbia, North Macedonia, Romania and further to Moldova and Ukraine.
It will carry gas from the northern Greek city of Komotini to Stara Zagora in Bulgaria. IGB is linked to another pipeline, part of Southern Gas Corridor that carries Azeri gas to Europe.
On Friday, gas operators in Bulgaria, Romania, Hungary and Slovakia proposed to transport increased Azeri shipments through their networks to central Europe.
The €240 million pipeline is controlled by a joint venture between Bulgarian state energy company BEH, Greek gas utility DEPA and Italy's Edison.
Very conservative Jimmy. Also nice to know the pound to dollar rate works for us brits.
Noticed the Samir refinery, Morocco's only one, has not been reopened after finance Elite Capital walked away. Seemingly marathon negotiations were partly to blame. It has been shut since 2015 I think.
I've wondered how easy would it be for a country to manipulate a share price to eliminate competition. Seems to me with the power associated with a gas pipeline and the efforts to control supply's , having a grip on an AIM stock would be cheaper and simpler?
https://www.bloomberg.com › articles
Nigeria-Morocco Pipeline Inches Toward Providing Gas to Europe
Seems lack of news is creating all sorts of speculation. CHAR 2012 HAS GONE. Green investment is not worthless. Gas prices are about to be unlinked ftom electricity, if you believe the European government's, hence the difficulty in getting an agreement just now.
Two points.
Spain and Germany discussed Spanish linking to the rest of Europe for gas. Spain currently holds 30% of europes gas capability .
European countries begin discussions over a cartel being formed to bid for energy.
Obviously just talk atm.