Chariot announced that it has signed a memorandum of understanding (MoU) with the Mauritanian Ministry of Petroleum, Mines and Energy to develop the green hydrogen project “Project Nour” in Mauritania of up to 10 gigawatts (GW), a statement issued by Chariot reported.

Chariot will be involved in delivering large renewable projects in Africa. The company will immediately commence work on assessing the wind and solar resources, environmental impact as well as macroeconomic and social impact studies.

Project Nour is an ambitious initiative to use solar and wind resources to generate electricity for electrolysis, a process that splits water into green hydrogen and oxygen. This will give Mauritania the ability to produce the cheapest green hydrogen in Africa. It could also help the country become one of the world’s top green hydrogen producers and exporters, comparable to even the European markets.

“Developing Mauritania’s green hydrogen industry promises to bring a combination of environmental, economic and social benefits to our country,” Mauritania’s Minister of Petroleum, Mines & Energy Abdessalam Ould Mohamed Saleh said. “We have the potential, and desire, to be a world leader in the field of hydrogen production from renewable energy sources. The Ministry is pleased to have signed this agreement with Chariot and hopes for a long and rewarding partnership,” he added.

In addition, Chariot’s Acting CEO Adonis Pouroulis expressed his pleasure for this agreement saying: “In Mauritania, Chariot has a history of previous significant investments and bringing in world-class partners to projects, and we are looking forward to working with the Government of Mauritania again to fast-track Project Nour. This is a potential large new market, set to bring multiple benefits to all parties and deliver positive impact to Mauritania.”