North Africa-Europe Clean Energy Transition

Key Figures & Findings: Australian mining giant Fortescue, led by Andrew Forrest, is exploring a multibillion-pound project to transmit renewable energy from North Africa to Europe via subsea cables. The initiative includes collaborations with Belgian offshore cable manufacturer Jan De Nul to explore manufacturing facilities in Morocco and harness North Africa's abundant solar resources to supply clean energy to European markets. Fortescue's plan involves developing up to 100 gigawatts (GW) of renewable energy capacity in the region.

Statistics & Insights: Fortescue's proposed project could deliver up to 500 terawatt-hours (TWh) of electricity annually. To ensure a stable supply, the energy would be transmitted through multiple subsea cables, backed by battery storage and potentially hydrogen-fired power plants.

Future Implications:  If implemented, the project could accelerate industrial development in North Africa by monetizing its solar potential at scale. It would also stimulate local manufacturing, job creation, and energy infrastructure upgrades tied to export-focused renewable energy systems

Source:  The Telegraph