ReNew Power looks to enter into development of African green hydrogen projects

ReNew Power Ltd is looking to foray into Africa by developing green hydrogen projects in Egypt, Morocco, and Oman.

ReNew has announced several initiatives to expand its renewable energy business, including green hydrogen and energy storage.

In April, it entered a joint venture agreement with state-run Indian Oil Corp. Ltd and engineering and construction major Larsen & Toubro to produce green hydrogen in India.

Morocco, Oman and Egypt have taken several measures for decarbonization, including green hydrogen projects.

Egypt’s pipeline for green hydrogen projects is at over 11 gigawatts, or over 1.57 million tonnes of green hydrogen. The government of Egypt plans to release a $40-billion hydrogen plan soon. Morocco too has set up the National Hydrogen Commission to achieve carbon neutrality, and has prepared a roadmap on green hydrogen in 2021. The country expects the national demand for the resource and its derivatives to reach 4 tera-watt hour by 2030, and for that it needs to achieve a target of 2GW in renewable energy sources.