HDF-ENERGY
17.11.2023 13:59:30 CET | Business Wire | Press release
In line with Moroccan authorities' objectives, Falcon Capital Dakhla proudly reveals a strategic collaboration with HDF Energy, an industry leader in green hydrogen, to produce some of the world's cheapest green hydrogen.
The White Dunes project, spearheaded by Moroccan enterprise Falcon Capital Dakhla, aims to forge a strategic alliance with HDF ENERGY (mnemonic code: HDF) for the establishment of a green hydrogen production facility in the heart of the Dakhla region. The initial investment for this ambitious endeavor is estimated at USD 2 billion. Embracing Morocco's 14-year experience in clean energy and fostering an innovation-friendly ecosystem, White Dunes aspires to be a pivotal player in the country's renewable energy sector, with the goal of commencing hydrogen production by 2028.
Majid Slimani, the founder and president of Falcon Capital Dakhla, underscores the significance of White Dunes in the context of Morocco's green hydrogen landscape. Slimani states, "White Dunes embodies a commitment to the cause of green energy and a dedication to more sustainable future for Morocco. We have devoted nearly two full years to feasibility studies, preliminary project design, and phased planning across a projected area of 150,000 hectares."
Given the exceptional characteristics of the Dakhla region, the project aspires to achieve a capacity of 10 GW in wind energy, 7 GW in photovoltaic energy, and 8 GW in electrolyzers.
For the realization of this project, Falcon Capital Dakhla leverages the expertise of HDF Energy, a renowned player specialized in hydrogen infrastructure development and powerful fuel cell design. HDF Energy also acts as a co-developer of the project, fortifying White Dunes position. For Damien Havard, CEO of HDF Energy, "the collaboration with Falcon Capital Dakhla represents the perfect synergy between two complementary entities, enabling the production of some of the world's most competitive green hydrogen in Morocco."
About Falcon Capital Dakhla:
Falcon Capital Dakhla, based in the heart of the Moroccan Sahara in Dakhla, plans to invest in key sectors, including agriculture, real estate and energy with a specific focus on renewable energy. FCD is committed to large-scale projects to contribute to a more sustainable future for local communities.
About Hydrogen de France (HDF Energy):
HDF Energy, a key player in hydrogen, develops large scale hydrogen infrastructure and multi-megawatt fuel cells for decarbonizing electricity production, heavy mobility, and industry. In 2024, the group will launch the mass production of its multi-megawatt fuel cells. HDF Energy operates globally and has been listed on Euronext Paris since 2021.
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