Hydrogene de France (HDF) and Rubis to work on hydrogen in Barbados
HDF has already 18 similar projects underway and a presence in key geographies.
Hydrogène de France (HDF Energy) today (16th February) announced that Rubis acquired a 51% stake in Renewstable Barbados (RSB).
RSB is the largest hydrogen power project in the Caribbean. The transaction follows the strategic agreement signed between the two energy companies in June 2021. HDF Energy is also in active discussions with the Barbados Sustainable Energy Co-operative Society to offer 30% of the project prior to construction.
RSB is developed by HDF Energy and is a large grid-friendly energy power plant project that will supply clean, resilient, stable and competitive baseload electricity 24/7 to 16,000 residents.
Located in St Philip, RSB will aid the island state in achieving its 100% renewable energy mandate by 2030 without the intermittency concerns that typically limit solar and wind power deployment on island grids. Using only the sun as a primary source of electricity (50 MW solar), RSB combines 128 MWh of green hydrogen and battery storage to deliver a continuous output of power day and night.
During its 2-year construction period, RSB will create around 200 jobs. The US$ 100 million RSB project is similar to CEOG, the first Renewstable® project in construction developed by HDF Energy located in French Guiana. It is being built by Siemens Energy and financed through a project finance scheme. Rubis is also an equity investor of CEOG through SARA (the refinery of Martinique), alongside HDF Energy and the infrastructure fund Meridiam. Lenders include world-leading private and institutional banks.
