Green Hydrogen – Europe commits $12,5 billion to power South Africa’s green and industrial future
In a major show of confidence in Africa’s industrial potential, the European Union (EU) has announced a fresh investment commitment of €11.5 billion ($12.5 billion) in South Africa’s sustainable energy, transport, and health sectors.
- The European Union has announced a $12.5 billion investment in South Africa’s sustainable energy, transport, and health sectors.
- About $9.5 billion will be deployed through blended financing to build green hydrogen and critical mineral processing facilities.
- The funding supports South Africa’s role as a continental leader in clean energy and industrial transformation.
- The move signals Europe’s shift from aid to a strategic partnership with Africa amid the global race for energy transition minerals.
The EU delegation to South Africa said the move reflects Europe’s resolve to “work with South Africa to become global leaders in the just energy transition, sustainable infrastructure, digital connectivity and pharmaceutical value chain.”
The announcement builds on a previous €4.7 billion ($5.1 billion) pledge made in March, though it remains unclear if the new figure is in addition to that earlier commitment.
EU Commission President Ursula von der Leyen reaffirmed the bloc’s support in a post on X, addressed to President Cyril Ramaphosa, writing:
Dear @CyrilRamaphosa, with Global Gateway investments worth almost €12 billion, we’re fully behind your ambition to become a clean energy leader.
“And we’re making great strides in scaling up renewables in Africa with a €618 million Team Europe package.”
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Green Hydrogen – Europe commits $12,5 billion to power South Africa’s green and industrial future, source
