The European Investment Bank (EIB) is set to support Mauritania’s green hydrogen investment plans and scale up wind and solar energy generation to reduce the impact of energy price shocks. Hydrogen Industry Leaders looks at how this will support access to affordable energy in the country.
It is believed that the country’s renewable energy potential can facilitate green hydrogen production, as well as provide cheaper energy.
President of EIB, Werner Hoyer, said: “The European Investment Bank is committed to supporting climate action and clean energy investment across Africa.
“Today’s (June 22) discussions with President El Ghazouani will unlock closer cooperation between the EIB and Mauritanian partners and builds on 54 years of EIB engagement in the country.
“We are committed to bring this cooperation to the next level, by harnessing Mauritania’s renewable energy potential and through our partnership through the Sahel Alliance.”
As well as providing cheaper energy, the investment plans aim to harness Africa’s renewable energy potential.