The SA-H2 fund aims to raise $1bn to fast-track the development of large-scale green hydrogen infrastructure assets across the country
SA has launched a new dedicated fund that aims to raise $1bn in funding for the construction of a substantial pipeline of green hydrogen projects in the country to help facilitate its transition away from a fossil-fuel based energy system.
The fund was launched in Pretoria on Tuesday during a visit to the country by the prime ministers of Netherlands and Denmark, Mark Rutte and Mette Frederiksen, who concluded a heads of agreement with President Cyril Ramaphosa for the planned launch of the new fund dubbed SA-H2.
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