Green Hydrogen NewsGreen Hydrogen News
    LinkedIn X (Twitter) YouTube Facebook
    Trending
    • Croatia, Italy and Slovenia Come Together to Create Green Hydrogen Competitive Market
    • Morocco’s Bold Leap into the Green Hydrogen Era
    • UK and Germany Unite for Hydrogen
    • EET Hydrogen Starts FEED for HPP2 Production Project
    • NIB Powers Norway’s Hydrogen Revolution with Varanger Kraft Loan
    • Plug Power Spearheads Green Hydrogen Revolution with Major Investments
    • Colbún’s Nehuenco Plant Leads Chile’s Green Hydrogen Transition
    • Funding Boost for InterContinental Energy’s Green Hydrogen
    LinkedIn X (Twitter) YouTube Facebook
    Green Hydrogen NewsGreen Hydrogen News
    • NEWS
      • Authorities
      • Blitz
      • Breaking News
      • Finance
      • Jobs
      • H2 Plant
      • Politics
      • Press Release
      • Sponsored
      • Stock
      • Tenders
      • Video
    • HYDROGEN
      • Aviation
      • Electrolyzers
      • Fuel Cells
      • Green Hydrogen
      • Hydrail
      • Innovation
      • Pipelines
      • Projects
      • Stations
      • Storage
      • Technology
      • Vehicles
    • SPOTLIGHT
      • Analysis
      • Interviews
      • Podcast
      • Research
      • Reviews
      • Specials
      • Webinars
    • REGIONAL
      • Africa
      • Americas
      • Asia
      • Europe
      • Middle east
      • Pacific
    • CONTACT
    • ADVERTIZE
    • SUBSCRIBE
    Green Hydrogen NewsGreen Hydrogen News
    Home Home - Analysis
    south africa

    Africa’s Trillion-Dollar Green Hydrogen Potential by 2035

    Arnes BiogradlijaBy Arnes Biogradlija11/08/20232 Mins Read
    Share
    LinkedIn Twitter Facebook Email WhatsApp Telegram

    Africa could emerge as a significant player in the global green hydrogen sector, with the potential to generate over $1 trillion annually by 2035, according to a study funded by the European Investment Bank (EIB).

    The study, titled “The Extraordinary Potential of Green Hydrogen in Africa,” underscores the continent’s capacity to produce 50 million tons of green hydrogen yearly using its abundant solar energy resources.

    The report, a collaborative effort between the EIB, the African Union, the International Solar Energy Alliance, and the Government of Mauritania, is a pioneering exploration into the viability of large-scale green hydrogen development globally.

    Green hydrogen, produced through electrolysis using solar and wind energy, holds immense promise in limiting global warming under the Paris Agreement. This report delves into the clean energy potential of green hydrogen and presents a unified ambition for its production among several African countries represented by the African Green Hydrogen Alliance (AGHA).

    High solar and wind energy potential position numerous African nations to play a crucial role in the green hydrogen sector. The African Green Hydrogen Alliance, composed of countries such as Egypt, Kenya, Mauritania, Morocco, Namibia, and South Africa, aims to catalyze green hydrogen momentum across the continent.

    Solar photovoltaic technology, touted as the cheapest electricity source, could cost less than 2 euros per kW by 2030 in several African countries, making it highly competitive against traditional fossil fuels. This, coupled with affordable electrolyzers, creates an environment for cost-effective clean fuel production.

    Green hydrogen has the potential to fuel Africa’s energy independence, zero-carbon industrialization, and economic growth. The report envisions renewable energy deployment across the continent, providing affordable electricity and fostering economic development.

    Furthermore, as global hydrogen trade is expected to surge, Africa could emerge as a reliable supplier to countries in Europe and Asia, tapping into a burgeoning export market. Southern African countries like Namibia and South Africa, backed by the African Green Hydrogen Alliance, could potentially export millions of tons of hydrogen equivalent, further solidifying Africa’s position in the global hydrogen landscape.

    green hydrogen hydrogen
    Share. LinkedIn Twitter Facebook Email

    Related Posts

    hydrogen 26

    Croatia, Italy and Slovenia Come Together to Create Green Hydrogen Competitive Market

    27/09/2023
    Morocco green hydrogen

    Morocco’s Bold Leap into the Green Hydrogen Era

    27/09/2023
    UK and Germany Unite for Hydrogen

    UK and Germany Unite for Hydrogen

    27/09/2023
    EET Hydrogen Starts FEED for HPP2 Production Project

    EET Hydrogen Starts FEED for HPP2 Production Project

    27/09/2023
    funding

    NIB Powers Norway’s Hydrogen Revolution with Varanger Kraft Loan

    27/09/2023
    Plug Power green hydrogen

    Plug Power Spearheads Green Hydrogen Revolution with Major Investments

    27/09/2023
    hydrogen 26

    Croatia, Italy and Slovenia Come Together to Create Green Hydrogen Competitive Market

    27/09/2023
    Morocco green hydrogen

    Morocco’s Bold Leap into the Green Hydrogen Era

    27/09/2023
    UK and Germany Unite for Hydrogen

    UK and Germany Unite for Hydrogen

    27/09/2023
    EET Hydrogen Starts FEED for HPP2 Production Project

    EET Hydrogen Starts FEED for HPP2 Production Project

    27/09/2023

    Subscribe to Updates

    Get the latest news from the hydrogen market subscribe to our newsletter.

    Final Transparent Green Logo (horizontal)-desktop version (RGB)
    LinkedIn X (Twitter) Facebook YouTube

    News

    • Inteviews
    • Webinars
    • Hydrogen
    • Spotlight
    • Regional

    Company

    • Information
    • Advertising
    • Media Kits
    • Contact Info
    • GDPR Policy

    Subscriptions

    • Subscribe
    • Newsletters
    • Sponsored News

    Subscribe to Updates

    Get the latest news from EnergyNewsBiz about hydrogen.

    © 2023 EnergyNews.biz
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.

    Go to mobile version