German development bank KfW will provide financial support for a 50-MW pilot green hydrogen project in Algeria as part of a broader partnership between the two countries aimed at promoting the development of green energy. Contact online >>
German development bank KfW will provide financial support for a 50-MW pilot green hydrogen project in Algeria as part of a broader partnership between the two countries aimed at promoting the development of green energy.
The goal of the project is to gain technological expertise in the entire value chain for this new sector at local level, Algeria’s Ministry of Energy and Mining said on Tuesday without disclosing more details about the project.
During the forum, Algerian energy minister Mohamed Arkab, the secretary of the German economy ministry Stefan Wenzel and around 300 representatives from politics, business and research from both countries discussed the importance of promoting investments and securing financing for renewable energy projects, as well as the deployment of low-carbon technologies and their role in achieving global climate goals.
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The North African nation''s ambitious endeavour includes an expansion of an existing gas pipeline corridor that will extend through Tunisia and Italy. Ultimately, the pipeline will extend to southern Germany to transport green hydrogen, as Germany''s Ministry of Economics and Climate confirmed.
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