Two Dutch state-owned companies will help fund hydrogen projects in South Africa. These are Invest International and climate fund managers. The fund is to be filled with $1 billion, with which South Africa can become a major producer of green hydrogen.
The Netherlands could then serve as an import hub for the global hydrogen market, Prime Minister Mark Rutte said in South Africa’s administrative capital, Pretoria. Rutte is present there in the sign of collaborations in the field of energy transition and renewable hydrogen. Also present was the Prime Minister of Denmark, Mette Frederiksen.
He has already promised that Denmark will contribute 3.2 billion rand, about 159 million euros, to green energy projects in South Africa. Denmark is also involved in the new fund called SA-H2. Nothing is known yet about the exact distribution of investments in the fund.
Water Infrastructure Fund
In addition to the fund, the three countries also announced the establishment of a water infrastructure fund by Invest International. 300 million euros must go to that fund. Another Dutch project is a ‘climate-smart’ agricultural center in the village of Grootvlei. There is still a power plant there which will soon be closed.
Also listen | Mark Rutte’s African tour
Rutte will travel to Morocco on Wednesday, the last day of his visit to the African continent. There he talks, among other things, about strengthening economic ties with the country, but also about migration. The House of Representatives has been annoyed for years by the faltering return of rejected asylum seekers. Moroccans, among others, are so-called safe citizens who have little chance of obtaining refugee status in the Netherlands.
Source: BNR
Sharon Rock is an author and journalist who writes for 24 News Globe. She has a passion for learning about different cultures and understanding the complexities of the world. With a talent for explaining complex global issues in an accessible and engaging way, Sharon has become a respected voice in the field of world news journalism.
