Page 13 - AfrElec Week 46 2022

AfrElec HYDROGEN AfrElec

Africa could produce 10% of green

hydrogen market by 2050 - report

AFRICA AFRICA has the potential to satisfy up to 10% Africa’s green hydrogen could be among the
of the global green hydrogen market by 2050, world’s most competitive, and be produced for
according to a new report jointly published by exports to energy-constrained regions such as
renewable energy company Masdar and its Abu Europe or Asia, as well as deployed for domes-
Dhabi Sustainability Week (ADSW) platform on tic consumption - facilitating electrification
the sidelines of the COP27 in Sharm-El-Sheikh. of remote African communities and playing
The report, produced with the help of ana- a vital role in the continent’s socio-economic
lysts from McKinsey and Co., outlines plans and development.
recommendations for governments and private Speaking about the report, Mohamed Jameel
actors to best leverage the continent’s vast wind Al Ramahi, Masdar’s Chief Executive Officer,
and solar resources and set up green hydrogen said: “This study provides a blueprint for Afri-
production facilities, which could create up to can nations to deliver sustainable, low-carbon
3.7mn jobs and add as much as $120bn to Afri- growth while extending energy access across the
ca’s GDP by 2050. continent. Green hydrogen has the potential to
“Green hydrogen tackles emissions that can- reduce emissions, unlock economic opportuni-
not be eliminated through direct electrification ties, and create new and valuable jobs for coun-
with renewables. It decarbonizes existing hydro- tries across the Middle East and North Africa
gen applications such as ammonia production region”.
and refining, and new ones like maritime and Masdar is an Abu Dhabi-based company
aviation propulsion, steelmaking, and heavy- owned by the UAE government and is one of
duty trucking,” the report says, underlining the the world’s leading clean energy corporations,
pivotal importance of hydrogen in the global actively involved in a number of projects related
net-zero transition. to green hydrogen production in developing
“Hydrogen also plays a critical role as an countries. Masdar is also currently overseeing
energy carrier in a global decarbonized energy the planning and construction of “Masdar City”,
system. It can store large volumes of energy and supposed to be the “first zero-carbon city” and
transport it over long distances via pipelines and scheduled for completion in 2024, in the vicinity
ships”. of Abu Dhabi.™

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