After successful financial close, HDF Energy starts construction of CEOG (French  Guiana), the world’s first baseload renewable energy power plant using hydrogen  technology 

• Multi-megawatt power plant producing stable and dispatchable  electricity, 24 hours a day, without polluting emissions; 

• 25 years Power Purchase Agreement (PPA) signed with the French  utility EDF; 

• Equity provided by Meridiam and SARA as shareholders alongside  HDF; 

• Non-recourse project financing from leading commercial and  development banks; 

• Engineering, procurement and construction (EPC) contract awarded  to Siemens Energy 

• Hydrogen technologies supply competitively procured awarded to  McPhy for the electrolysers and HDF for multi-megawatt hydrogen  fuel cells 

Bordeaux (FRANCE), September 30th, 2021. HDF Energy (mnemonic code: HDF) and its equity  partners, the infrastructure fund Meridiam and the petroleum operator SARA (Rubis Group) today  announced the start of the construction of CEOG Renewstable® Power Plant in French Guiana. CEOG  is the world’s first multi-megawatt hydrogen power plant, and the largest green hydrogen storage of  intermittent electricity sources (128MWh).  

Damien HAVARD, CEO of HDF Energy said: “CEOG demonstrates that HDF Renewstable® solution  addresses a very large market being all the grids currently powered by fossil fuel power plants. By  supplying non-intermittent renewable energy, CEOG – which we are already replicating across the world  – opens a new era for renewable energies. We thank our partners Meridiam and SARA (Rubis Group)  that have brought a significant value to the development of CEOG, allowing us to launch today this new  model of electricity production. “ 

The Renewstable® power plant, designed and developed by HDF, will supply a 100% renewable, stable  and dispatchable power to 10 000 households at a lower cost than the diesel power plant, but without  emitting any greenhouse gas, fine particle, noise or fumes. A Renewstable® power plant produces electricity using local sources of clean energy to fully sustain the local needs, reducing exposure to oil  price volatility, supply risks, and saving foreign exchange. 

Representing a total investment of US$200 million, CEOG is an optimised combination of a solar park, a  hydrogen long-term energy storage and a battery (short-term energy storage) to produce 24/7 baseload  power. It is the first time that a renewable energy project supplies a grid through a capacity-based Power  Purchase Agreement, usually used for thermal power plants. This type of electricity offtake contract  guarantees the availability and stability of the electricity produced by CEOG. This last characteristic is  essential for powering isolated grids or reducing congestion on large networks. 

CEOG is currently being duplicated in about 20 countries such as Mexico, Caribbean island nations,  Southern Africa, Indonesia and Australia. Competitive with diesel power plants, the Renewstable® power  plant addresses a large power generation market. HDF has already identified a pipeline of US$3 billion. 

Newly created HDF Caribbean subsidiary based in Barbados, next to its strategic regional partner Rubis  Caribbean, already has several similar projects under development in the region, including in Barbados.  HDF Caribbean is currently recruiting local high education profiles to foster existing development and  initiate new business opportunities.  

Thibault MENAGE, VP Caribbean at HDF Energy said: 

“The need for carbon-free locally sourced baseload power in the Caribbean is tremendous. The  Renewstable® solution proposes a competitive and bankable alternative to heavy fuel oil/jet fuel power  plants. Caribbean island nations have ambitious Renewable Energy targets, good sun and wind  resources but need energy storage, and some are already looking at kick starting their green hydrogen  economies. HDF Caribbean have proven solutions and can finance them.”  

ABOUT HDF ENERGY 

HDF Energy is a global pioneer in hydrogen energy. HDF develops, finances and operates multi-megawatts  Hydrogen-Power plants. These plants provide continuous or on-demand electricity from renewable energy  sources (wind or solar), combined with high power fuel cells supplied by HDF. 

HDF has developed the world’s first mass production plant for high-power fuel cells for energy, which will  be commissioned in France in 2023. Through this activity, HDF Energy will also serve the maritime and data  center markets. 

HDF Energy is a powerful accelerator of the energy transition by offering non-intermittent, grid-friendly and  on-demand renewable power. 

HDF is a company listed on the regulated market of Euronext Paris.