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CWP Global positions itself in Djibouti

CWP Global announces the signing of a landmark agreement with the Government of the Republic of Djibouti for the development of renewable energy in the region. The company will develop a renewable hydrogen plant with a production capacity of 10 GW.

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CWP Global announces the beginning of a collaboration with the Government of the Republic of Djibouti. Indeed, the partners have signed a historic agreement aimed at developing renewable energy in the region. Thus, the company will develop a new renewable energy and green hydrogen center with a production capacity of 10 GW. This center will be strategically located on the Horn of Africa.

Developing the green energy sector in the Horn of Africa

This project is part of Djibouti’ s ambitions for a cleaner and more secure energy supply. In addition, the project also aims to create green jobs and value-added industries. It will also open the door to emerging international markets for green hydrogen and its derivatives, including green ammonia.

With this project, CWP Global will also promote a secure supply of drinking water to local communities. This agreement will further develop local and regional agriculture.

Read on energynews.pro: CWP Global looks to North Africa

This project aims to align with Djibouti’s “Vision 2035” economic plan. This one gives priority to closer cooperation with regional neighbors, including Ethiopia. Thus, the Djibouti government wishes to develop an African collaboration on green energy. “Vision 2035 also represents an opportunity to build a new commercial hub at the mouth of the Red Sea.

Alex Hewitt, CEO of CWP Global, said:

As we saw at COP27, momentum is building rapidly on the African continent to pursue large-scale renewable energy and green fuels. At CWP, we are very proud to play a major role in realizing this new phase of sustainable, emission-free economic growth in Africa. We intend to use our experience in developing a leading PtX portfolio over the past five years to move forward quickly and collaboratively in the development of this project in Djibouti, a country with exceptional natural resources and a highly strategic location.

Thus, with this project CWP Global is expanding its portfolio in Africa. Indeed, the company is one of the world’s leading developers of large-scale renewable energy and renewable hydrogen projects. Thus, the company puts its skills to work in the development of renewable energy in a region particularly vulnerable to climate change.

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