CWP Global, Djibouti pair to propel green power in the horn

Djibouti Ministry of Energy and Natural Resources and CWP Global, a leading developer globally of massive-scale renewable energy and green hydrogen projects, ink an MoU to develop 10GWs of renewable energy and a green hydrogen hub to be located strategically in the Horn of Africa.
“The project will make a major contribution to realize the African nation’s aspirations for cleaner and more secure energy supplies as well as create green jobs and value-add industries, and generate exports to fast-emerging markets for low-carbon fuels and industrial products,”CWP said on its statement.
At the MoU signing ceremony in Djibouti on December 5, Mark Crandall, CWP Global Chairman, expressed, “CWP is thrilled to have signed this agreement and to now have a clear action plan with the government of Djibouti on an exciting new green power and hydrogen industry at the tip of the Horn of Africa.”
“My recent discussions with President Ismail Omar Guelleh, and our work so far with Minister for Energy in Charge of Natural Resources, Yonis Ali Guedi and his team, have confirmed our alignment and shared vision for a pioneering 10GW renewable energy hub with the capacity to diversify Djibouti’s energy mix, provide secure potable water supplies to local communities, further develop local and regional agriculture, and open the door to emerging international markets for green hydrogen and derivatives, including green ammonia,” he said.
The chairman added that it is also critical to the company that the project is aligned with Djibouti’s “Vision 2035” economic plan, which prioritizes closer cooperation with regional neighbors, including Ethiopia, where there is great scope for collaboration on green energy, and an opportunity to build a thriving new commercial hub at the mouth of the Red Sea.
“We are very proud at CWP to be playing a major role in delivering this new phase of sustainable, zero-emissions economic growth in Africa,” CWP Global’s CEO, Alex Hewitt remarked.
“We intend to utilize our experience in developing a leading Power-to-X portfolio over the last five years to move quickly and collaboratively in developing this project in Djibouti, a country blessed with outstanding natural resources and a highly strategic location,” the CEO added.
CWP’s portfolio of large-scale renewables and green hydrogen hubs has now grown to seven projects under development across three continents – in Africa, Australia and South America.

The post CWP Global, Djibouti pair to propel green power in the horn appeared first on Capital Newspaper.

Leave a Comment

Your email address will not be published. Required fields are marked *