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South Africa’s President Cyril Ramaphosa told the gathering what the country had invested in the hydrogen sector thus far The Green Hydrogen Summit in Cape Town, South Africa has presented some pivotal data, highlighted by mega investments, financial commitments and production targets. ESI Africa curated some of the impactful figures discussed across the first day (12 June) of the Summit at the Century City Conference Centre. Tale of the tape at Green Hydrogen Summit More than $83.5 million (around R1.49 billion): The amount South Africa has invested in the Hydrogen South Africa programme ~$37 million (around R657m): The amount the Public Investment Corporation (PIC), Development Bank of Southern Africa (DBSA), and Industrial Development Corporation (IDC) have committed to the SA-H2 Fund. This a blended finance facility advancing South Africa’s energy transition and green hydrogen economy $20 million (around R355m): The first investment made by SA-H2 in development funding to the Hive Coega Green Ammonia Project. This is South Africa’s first industrial-scale green ammonia plant, targeting one million tonnes of annual production for export, avoiding 2.6 million tCO2e each year, and creating more than 20,000 jobs 53GW: The scale of renewable energy projects currently in the South African pipeline, expected to generate sustained construction jobs well into the future 40%: The proportion of South Africans living in food insecurity, underscoring the urgent need to build domestic demand through job-creating industrial growth 21: The number of SETAs (Sector Education and Training Authorities) in South Africa collaborating under the South African Renewable Energy Masterplan (SAREM) to direct resources toward relevant skills training 70?%: South Africa’s global share of platinum production, a critical input for electrolyser technology in the green hydrogen sector 1,000+: The number of hydrogen projects currently planned around the world, with $570 billion earmarked for investment 52: The number of large-scale green hydrogen projects that have been announced across Africa 30 to 60 million tons: The target of the Africa Green Hydrogen Alliance (Egypt, Kenya, Mauritania, Morocco, Namibia and South Africa) for green hydrogen production by 2050 |
