EU announces R600m green hydrogen support grant
The European Union has announced an R628 million support grant for South Africa's green hydrogen agenda.
Transnet will receive a share of just under a quarter for its Green Hydrogen Project.
Speaking in Pretoria on Monday, Electricity Minister Kgosientso Ramokgopa said the project would support activities around the logistics entity's core operation areas, such as ports and rails.
He said the rest of the grant will go towards accelerating efforts in the development of a sustainable green hydrogen sector.
READ: Energy reform expected after signing of new Electricity Bill
Ramakgopa says the partnership is focused on building more renewable energy infrastructure.
"We have as a country articulated our ambition to ensure that we take advantage of one of the new emerging frontiers, green hydrogen.
"We are seeing that green hydrogen provides some of the best opportunities for the country to re-industrialise given the fact that they were sitting on a significant mineral endowment in our country."
Find us on social media
Follow the ECR Newswatch WhatsApp channel here
