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Its wealth of renewable energy resources, availability of land and proximity to markets mean Africa holds the key to Europe’s vision of a net zero future based on green hydrogen (GH2) use. The manufacture of carbon-free liquid fuels could also transform the continent, but project sponsors, financers and offtakers need to ensure this is done fairly, while contributing to economic and social development. The establishment of the European Hydrogen Bank can be a crucial step in that direction.
Issue 480 - 16 March 2023
Power, Renewable energy, Resources, Strategy & risk, Finance & investment
African Energy staff led research for the Africa-EU Energy Partnership’s second annual European Financial Flows on SDG7 to Africa report.
Despite questions from some quarters over its applicability as a ‘transition fuel’, African Energy Live Data expects 18.3GW generated from natural gas to come online by 2027.
Almost 50% of respondents to an African Energy survey said the certification of carbon or renewable credits is too costly or time-intensive.
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