Mauritania, World Bank Fund DREAM

Key Figures & Findings: The World Bank has approved funding for the Mauritania Development of Energy Resources and Mineral Sector Support (DREAM) project, a major initiative designed to strengthen Mauritania’s green hydrogen, energy storage, and mining sectors According to the World Bank, the initiative will also help Mauritania operationalize its Green Hydrogen Law and position itself as a leader in the critical minerals value chain. World Bank Country Manager for Mauritania, Ibou Diouf, stated that the DREAM project will “support long-term energy security, including the advancement of Mauritania’s Green Hydrogen Law and the rollout of its first large-scale energy storage system powered by solar and wind.

Statistics & Insights: Mauritania will use part of the funding to finance its first large-scale battery energy storage system, which will integrate solar and wind power. The project also includes a national geological survey across key mineral-rich basins and supports the country’s 2030 universal electricity access target.

Future Implications: If effectively implemented, the DREAM project could unlock major private investment into Mauritania’s energy and mining sectors by 2026. It may also help the country reduce its reliance on fossil fuels and become a regional hub for green hydrogen by the end of the decade.

Source: World Bank