SA launches $1bn green hydrogen fund to address energy crisis
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GUEST – Adil Nchabeleng – Energy Expert
A new fund to promote the financing of green hydrogen initiatives in South Africa was announced in Pretoria on Tuesday as part of a joint effort between the Netherlands, Denmark and South Africa.
The fund aims to capitalise on South Africa’s abundance of wind and solar resources, and its significant industrial capacity. With green hydrogen earmarked to replace natural gas, it plays a key role in plans to transition away from coal towards more sustainable sources of energy.
A new fund to promote the financing of green hydrogen initiatives in South Africa was announced in Pretoria on Tuesday as part of a joint effort between the Netherlands, Denmark and South Africa.
The fund aims to capitalise on South Africa’s abundance of wind and solar resources, and its significant industrial capacity. With green hydrogen earmarked to replace natural gas, it plays a key role in plans to transition away from coal towards more sustainable sources of energy.
