South Africa Sets Sights on $250 Billion in Hydrogen Investment
- As much as 300,000 megawatts of power supply will be needed
- Rival African nations have acted faster than South Africa
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South Africa set its sights on attracting as much as $250 billion into its nascent green hydrogen industry by 2050 to take advantage of abundant solar and wind energy sources.
The industry could create 1.4 million jobs and generate as much as $30 billion in annual revenue by that year, according to Masopha Moshoeshoe, a green economy specialist in the South African Presidency’s investment and infrastructure office.