South Africa Secures $3B for Green Hydrogen

Key Figures & Findings: Averi Finance has acquired a 50% stake in renewable energy developer Salika SG, paving the way for large-scale clean energy investments in South Africa. This includes 3,000 MW of solar, 850 MW of wind power, and a $3 billion green hydrogen-to-ammonia facility at Saldanha Port. PTX South Africa, a joint venture with Green Nest Partner ApS, will oversee the hydrogen project, positioning Saldanha as a key hub for zero-carbon energy production.

Statistics & Insights:
The hydrogen facility is expected to produce 300,000 tonnes of green ammonia annually. Averi Finance and its partners have facilitated over $16 billion in credit facilities across emerging markets. The renewable project is set for completion within 12 months.

Future Implications:
This initiative could solidify South Africa’s role in the global hydrogen economy and attract additional investment in clean energy infrastructure. If executed as planned, the Saldanha Port project may drive industrial decarbonization and create new economic opportunities by 2030.

Source: WHO13