South Africa, Netherlands, and Denmark Unite for A Billion-Dollar Green Hydrogen Revolution

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The governments of South Africa, the Netherlands, and Denmark have concluded a Heads of Agreement (HoA) to establish the SA-H2 Fund, an innovative blended finance fund for the green hydrogen sector.

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The fund aims to secure $1 billion in funding to accelerate the development of large-scale green hydrogen infrastructure in South Africa.

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Hydrogen energy production offers a clean, versatile, and efficient source that can drive the transition to a low-carbon economy and address the climate crisis.

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South Africa's abundant renewable resources and industrial capacity make it well positioned to become a key producer of green hydrogen.

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The SA-H2 Fund will attract private-sector investment and promote the development of a circular economy in South Africa.

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The fund is supported by Climate Fund Managers, Invest International B.V., Sanlam Limited, the Development Bank of Southern Africa, and the Industrial Development Corporation of South Africa, among others.

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The establishment of the SA-H2 Fund aligns with South Africa's plans to transition away from coal and its climate finance pact with wealthy nations.

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The fund will stimulate economic growth, create jobs, and facilitate the decarbonization of South Africa's economy and industry.

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