Press Release : 15-11-2023

To materialize the groundbreaking 'White Dunes' project Falcon Capital Dakhla is announcing a strategic partnership with HDF Energy Falcon Capital Dakhla is announcing a strategic partnership with HDF Energy to bring the significant and innovative "White Dunes" project to fruition In line with His Majesty King Mohammed VI's visionary commitment to positioning Morocco as a global leader in green energy, Falcon Capital Dakhla proudly reveals a strategic collaboration with HDF Energy, an industry leader in green hydrogen, to bring the groundbreaking "White Dunes" project to life.

The "White Dunes" project, spearheaded by Moroccan enterprise Falcon Capital Dakhla, aims to forge a strategic alliance with HDF ENERGY for the establishment of a green hydrogen production facility in the heart of the Dakhla region. The initial investment for this ambitious endeavor is estimated at USD 2 billion. Embracing Morocco's 14-year experience in clean energy and fostering an innovation-friendly ecosystem, White Dunes aspires to be a pivotal player in the country's renewable energy sector, with the goal of commencing hydrogen production by 2030. Aligned with the overarching goal of establishing Morocco as a major global player in green fuel production, the White Dunes project underscores the Kingdom's ambitious vision. Majid Slimani, the founder and president of Falcon Capital Dakhla, underscores the significance of White Dunes in the context of Morocco's green hydrogen landscape, drawing inspiration from His Majesty King Mohammed VI's enlightened perspective on renewable energy development. Slimani states, "White Dunes embodies a commitment to the cause of green energy and a dedication to shaping a cleaner, brighter, and more sustainable future for Morocco. To bring this project to fruition, we have devoted nearly two full years to feasibility studies, preliminary project design, and phased planning across a projected area of 150,000 hectares. This design was achieved through the installation of a measurement mast and the implementation of preliminary environmental and social impact studies to identify sensitive areas of flora and fauna in the region." White Dunes primarily aims to produce green hydrogen competitively on a global scale. Given the exceptional characteristics of the Dakhla region, the project aspires to achieve a capacity of 10 GW in wind energy, 7 GW in photovoltaic energy, and 8 GW in electrolyzers. Through the White Dunes project, the Moroccan offering takes a significant step, both locally and internationally, paving the way for a sustainable energy future. For the realization of this project, Falcon Capital Dakhla leverages the expertise of HDF Energy, a renowned player specialized in hydrogen infrastructure development and powerful fuel cell design. HDF Energy also acts as a co-developer of the project, fortifying ‘White Dunes’ position in its pursuit of high-quality green hydrogen production. The partnership between Falcon Capital Dakhla and HDF Energy is grounded in complementary skills, as highlighted by Damien Havard, CEO of HDF Energy: "The collaboration with Falcon Capital Dakhla represents the perfect synergy between two complementary entities, enabling the production of some of the world's most competitive green hydrogen in Morocco." White Dunes aspires to become a symbol of sustainability and innovation. Anas Belmamoun, Managing Partner of Falcon Capital Dakhla, confirms this intent, stating that "White Dunes transcends the scope of a mere energy project. It contributes to shaping the future of green energy in Morocco and internationally, especially as Dakhla stands out with average winds of 10 m/s at a height of 100 meters, positioning it among 'class I' sites for wind energy production."

About Falcon Capital Dakhla:

Falcon Capital Dakhla, based in the heart of the Moroccan Sahara in Dakhla, plans to invest in key sectors, including agriculture, real estate, and energy, with a specific focus on renewable energy. FCD is committed to large-scale projects to contribute to a more sustainable future for local communities.

About Hydrogen de France (HDF Energy):

Hydrogen de France (HDF Energy), a key player in hydrogen, develops hydrogen infrastructure and multi-megawatt fuel cells for decarbonizing electricity production, heavy mobility, and industry. Through its Renewstable® solution, HDF Energy provides green, stable, and guaranteed energy from intermittent renewable sources with massive hydrogen storage. In 2024, the group will launch the mass production of its multi-megawatt fuel cells. HDF Energy operates globally and has been listed on Euronext Paris since 2021.