Chariot’s feasibility studies with Total Eren on ‘Project Nour’, a proposed large-scale green hydrogen project in Mauritania, is another meaningful step for its Transitional Energy business, says Peel Hunt.
The JV focus on permitting, local content and stakeholder engagement, alongside progressing detailed feasibility work and potential offtake for produced green hydrogen builds on its growing portfolio of renewable energy/mine site clean power deals across Africa.
Peel Hunt has a buy recommendation and target price of 44p.
Shares eased 1.9% to 18.5p