Spain offers up to €200m in financial support for green hydrogen projects in Mauritania
Prime Minister Pedro Sánchez visited the North African country yesterday, alongside EU president Ursula von der Leyen
Spanish Prime Minister Pedro Sánchez has offered Mauritania up to €200m ($215m) in financial support over the next five years to aid the development of green hydrogen projects in the North African state.
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Speaking in English at a green hydrogen roundtable in the Mauritanian capital Nouakchott yesterday, he told President Mohamed Ould Ghazouani:
“In order to encourage trade and investments with Mauritania, we are making available, from my country, up to €200m in financial support over the next five years through different instruments, and this will facilitate the development of green hydrogen projects with the participation of Spanish companies, which are global leaders in the field of renewable energy.”
“Such projects, I believe, will enable social progress, job creation, and economic growth in your country.
“And at the same time, the development of clean hydrogen and the decarbonised extraction of minerals is also in Europe’s interest as we seek to green our economies and diversify our supply chains.”
Sánchez continued: “In the hugely volatile world we live in, we need partners that share our vision of a greener, more sustainable and more equitable future. Partners like Mauritania.
“So please count on the Spanish government, the Spanish private companies, in this path to a new paradigm of just and sustainable development.”
Mauritania only had 122MW of renewable energy installed at the 2022, according to Irena figures, but there are several 10GW-plus green hydrogen projects planned in the country that would require vast amounts of new wind and solar power.