South African Minister Seeks Japanese Investment for Green Hydrogen Projects
Key Ideas
- South African Minister Ramokgopa is engaging with Japanese funders and trading companies to attract investment for green hydrogen projects.
- Efforts to stabilize the country's grid and transition to cleaner energy sources are driving the focus on green hydrogen and ammonia production.
- Collaborations with companies like Mitsui & Co. and Itochu Corp. are being pursued to advance the development of green fuel in South Africa.
- The European Union has committed €32 million in grants to support South Africa's green hydrogen industry initiation.
South African Electricity and Energy Minister Kgosientsho Ramokgopa embarked on a three-day visit to Japan to seek investment for green hydrogen projects. The minister aims to manufacture hydrogen and ammonia from renewable energy sources, emphasizing sustainability and cleaner energy production. Ramokgopa's recent visit to Qatar indicates a broader strategy to establish partnerships and secure natural gas supplies for the green fuel initiatives. The minister's engagement with major financial institutions and trading companies like Mitsui & Co. and Itochu Corp. signifies a proactive approach towards fostering collaborations for advancing green energy projects in South Africa. As the country works on stabilizing its grid and transitioning from coal-fired power plants, projects such as the planned green ammonia facility at the port of Coega and Sasol Ltd.'s initiatives at Boegoebaai underscore the shift towards cleaner energy sources. The European Union's financial support of €32 million further bolsters South Africa's efforts in kick-starting its green hydrogen industry, reflecting a positive outlook for the country's renewable energy initiatives.