Moroccan utility system construction company ‘Falcon Capital Dakhla’ has signed a partnership deal with French HDF Energy to build a green hydrogen production plant for a total investment of $2 billion in the kingdom coastal region of Dakhla. The deal was signed by Majid Slimani, founder and president of ‘Falcon Capital Dakhla’ and Damien Havard, Chief Executive Officer of the French company. Damien Havard argued that the partnership deal represents the perfect synergy between two complementary entities, enabling Morocco to produce some of the most competitive green hydrogen in the world. The French company, founded in 2012, is a pioneer in large-scale green hydrogen infrastructure and high-power fuel cells. The company announced in October 2023 during the Africa Climate Summit held in Nairobi (Kenya) the commencement of development studies for the first green hydrogen power plant in the eastern African country.

Source: The North Africa Journal November 16, 2023 18:19 UTC