EU Commits R628 Million for Green Hydrogen Development in South Africa
Key Ideas
  • The European Union will provide R628 million to promote green hydrogen value chains in South Africa, aiming to drive sustainable development and create economic growth.
  • Discussions between EU Energy Commissioner and South African ministers focused on collaboration for a just energy transition and the development of strategic value chains.
  • Financial support aligns with South Africa's priorities of boosting the domestic economy and advancing green industrialisation.
  • Commissioner Simson engaged with various stakeholders, including business associations and government bodies, to support the implementation of energy and climate plans.
The European Union recently announced a significant financial commitment of R628 million to support the development of green hydrogen value chains in South Africa. This funding aims to drive sustainable growth, create new economic opportunities, and boost domestic industrialization focused on green energy. The EU Energy Commissioner, Kadri Simson, held discussions with South African Minister for Energy and Electricity, Kgosientsho Ramogkopa, and Minister for Trade, Industry and Competition, Parks Tau, emphasizing collaboration for a just energy transition and sustainable value chain development. The financial support, amounting to €32 million, is tailored to align with South Africa's objectives of enhancing the domestic economy and promoting green industrialization. During her visit, Commissioner Simson engaged with various key stakeholders, including business associations advising the National Energy Crisis Committee and representatives from civil society, labor, and government bodies. This initiative underscores a strong partnership between the EU and South Africa in pursuing green energy solutions and driving sustainable development. The collaboration aims to address energy challenges, promote environmental sustainability, and propel economic growth in South Africa.
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