HDF Energy and its equity partners, infrastructure fund Meridiam and oil operator SARA (Rubis Group), today announced the start of construction for the CEOG Renewstable power plant in French Guiana. It is said to be the world's first hydrogen power plant with a capacity of several megawatts and the largest storage of environmentally friendly hydrogen (128 MWh).
The power plant, designed and developed by HDF, will provide electricity to 10,000 households at a lower cost than a diesel power plant, but without emissions of greenhouse gases, particulate matter, noise, or smoke. It generates electricity using local clean energy sources to fully meet local needs. It is expected to provide foreign exchange savings and reduce exposure to oil price fluctuations and supply risks.
A 25-year power purchase agreement was signed with the French utility company EDF. The engineering, procurement, and construction (EPC) contract was awarded to Siemens Energy. The project includes a solar power plant, hydrogen energy storage (long-term), and storage (short-term). The total investment is $ 200 million.
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