Chariot partners with Total Eren on a green hydrogen project in Mauritania.
“The Consortium” composed of Chariot Limited (AIM: CHAR), the Africa-focused transition energy company and Total Eren, a leading Independent Renewable Energy Producer (IPP) based in Paris, announce that it will launch feasibility studies to co-develop the “Nour Project”, a large-scale green hydrogen project to be located in Mauritania.
Thanks to its unique solar and wind resources, Mauritania has proven to be exceptionally well positioned to implement Power-to-X solutions, offering Nour Project the opportunity to produce some of the most competitive green hydrogen in the world.
With a potential of up to 10 GW of electrolysis to be installed, it could become, once fully implemented, one of the largest green hydrogen projects in Africa.
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Through the Nour project, the consortium will contribute to sustainable economic development in Mauritania, including by potentially providing basic electricity to the national grid, diversifying industrial activities, promoting job creation and developing local infrastructure.
It will also provide a cost-effective and transportable energy solution to replace CO-emitting fuels.2 intended for export to the European market.
Fabienne Demol, Executive Vice President & Global Head of Business Development at Total Eren, said:
We believe that green hydrogen will be an essential part of the energy mix in the future, and we are delighted to enter into this new partnership on a continent where our strategic shareholder, TotalEnergies, has a strong footprint.
“Our skills complement those of Chariot well and we intend to share our expertise throughout the development of the project. I would also like to take this opportunity to thank the Mauritanian authorities for their support and cooperation. We look forward to taking the next steps in the project with Chariot. »
Adonis Pouroulis, CEO of Chariot, added:
We are delighted to have strengthened our partnership with Total Eren, the world leader in renewable energy.
“We look forward to working together on this very important development of green hydrogen in Mauritania. Having a partner of this caliber, who shares our vision and direction for the future, is a key element in the development of this valuable asset and marks an important step in the evolution of the Nour project.”
“We look forward to continuing to expand our portfolio of green hydrogen projects and, as with our renewable energy business, we look forward to collaborating on further opportunities alongside Total Eren in the future.”
This announcement contains inside information for the purposes of Article 7 of REGULATION EU 596/2014, as retained in the United Kingdom in accordance with Article 3 of the Withdrawal from the European Union Act 2018.
Chariot partners with À Total Eren on a green hydrogen project in Mauritania, September 6, 2022
