South Africa Eyes GreenHydrogen Investment Worth U.S.$250 Billion TheExchangeEA: SouthAfrica
Arguments are being raised as they say it is the most abundant element, a silver bullet and key to unlock all our future energy needs.
While other African countries such as Morocco and Namibia have already positioned themselves as potential hydrogen producers. In 2021, Namibia announced an estimated US$9.4 billion green hydrogen project, scheduled to enter production in 2026. The initial target is to generate 2 gigawatts of renewable electricity for regional and global markets.
Masopha Moshoeshoe, a green economy specialist in the South African Presidency's investment and infrastructure office, says the industry could create 1.4 million jobs and generate as much as US$30 billion in annual revenue by that year. The potential is for the country to supply between 4 per cent and 8 per cent of the global market for ammonia, which is produced using hydrogen, with a focus on supplying South Korea and Japan, he said.
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