Why should Mauritania invest in a battery energy storage facility?

The project will finance Mauritania’s first large-scale battery energy storage facility, enabling the country to harness its abundant solar and wind resources for more reliable electricity. This investment is critical to the success of Mauritania’s Mission 300 Energy Compact, which aims to achieve universal access to electricity by 2030.

Will Mauritania become a leader in green energy?

“This project will position Mauritania as a leader in critical minerals, green hydrogen and energy storage, —driving job creation and expanding economic opportunities for all Mauritanians,” said Demetrios Papathanasiou, Global Director for Energy & Extractives at the World Bank.

Are battery electricity storage systems a good investment?

This study shows that battery electricity storage systems offer enormous deployment and cost-reduction potential. By 2030, total installed costs could fall between 50% and 60% (and battery cell costs by even more), driven by optimisation of manufacturing facilities, combined with better combinations and reduced use of materials.

Why is Mauritania partnering with the World Bank?

It also enables Mauritania to develop its mineral sector in ways that reduce pollution, improve governance, and benefit communities. The World Bank is partnering with GIZ, the European Union, UNDP, and AFD to mobilize funding and expertise that align with the country’s energy goals.

Why should Mauritania invest in Dream?

This investment is critical to the success of Mauritania’s Mission 300 Energy Compact, which aims to achieve universal access to electricity by 2030. DREAM is key to helping Mauritania estimate and promote its critical mineral potential through geological surveys.

How will dream help Mauritania?

DREAM is key to helping Mauritania estimate and promote its critical mineral potential through geological surveys. The project will also implement the recently approved Green Hydrogen Law, one of the first in Africa.