South African Minister Seeks Green Hydrogen Investment in Japan
Key Ideas
- South African Minister Ramokgopa is in Japan to attract investors for green hydrogen projects from renewable sources.
- Efforts to stabilize South Africa's grid have led the minister to seek partnerships for cleaner energy sources like hydrogen.
- Major financial institutions and trading companies in Japan, including Mitsui & Co. and Itochu Corp., are being engaged for investments.
- EU support and local projects like Sasol's in Boegoebaai and a green ammonia facility in Coega are driving green hydrogen initiatives in South Africa.
South African Electricity and Energy Minister Kgosientsho Ramokgopa is actively promoting green hydrogen projects by seeking investments from Japanese investors. His visit to Japan aims to attract funders and trading companies for initiatives to manufacture hydrogen and ammonia from renewable energy sources. Ramokgopa's interest in green hydrogen stems from the need to find cleaner replacements for coal-fired power plants, essential for 80% of South Africa's electricity generation. Despite the delay in retiring these plants, efforts towards a sustainable energy future are underway. Projects like Sasol's in Boegoebaai and a green ammonia facility in Coega are part of this green transition. Additionally, support from the European Union in the form of €32 million grants indicates a positive trajectory for South Africa's green hydrogen industry. The minister's engagement with Japanese companies such as Mitsui & Co. and Itochu Corp. reflects the global interest in investing in renewable energy and highlights the potential for collaboration in the hydrogen sector.