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Amea Power has secured a $75m equity funding round from SoftBank Group Corporation (SBG). The Dubai-based developer said the Japanese investor’s financing represented its “first external equity funding following years of being privately funded by its founding shareholders, the [Kuwaiti] Al-Nowais family.”

Netherlands-based investors are setting up $1bn funds in both South Africa and Namibia, in partnership with local investors, to accelerate the development of green hydrogen projects in the two countries.

Finnish project developer Flexens has signed a memorandum of understanding (MoU) with the Cabo Verde Ministry of Industry, Trade and Energy to develop a large green hydrogen (GH2) plant.

Green hydrogen (GH2) developer HDF Energy has outlined to African Energy its plans to develop solar PV plants and hydrogen-based long-term storage across six sites near Eskom’s Majuba and Tutuka coal power stations.

Finland’s AW-Energy has signed a memorandum of understanding (MoU) with Namibia’s Kaoko Green Energy Solutions to launch a pilot project to test the potential for harnessing wave energy along the Swakopmund coast. Kaoko’s flagship project is the Purros Hydrogen Hub (PHH), which includes plans for the production of 35 t/yr of ammonia as a green hydrogen (GH2) carrier.

Kenya’s first green ammonia (GNH3) project is set to enter the prefeasibility stage soon, African Energy's 17-18 April AIX: Energy in Transition 2023 event was told.

China Energy Engineering Corporation expects to start implementing its green ammonia (GNH3) production facility in May, showing there is still momentum behind Cairo’s promotion of its green hydrogen (GH2) prospects, even if the current financial situation is dire.

London AIM-listed Helium One Global said on 6 April that it and Australia Securities Exchange (ASX)-listed Noble Helium had signed a letter of intent with Tunisia’s Société de Forage (Sofori) to use the Drillmec HH102 rig for its Rukwa drilling campaign.

 A memorandum of understanding (MoU) has been signed for Zimbabwe’s first high-powered green hydrogen power plant, to be developed in the Chipangayi Renewable Park (RETPark), in Manicaland province’s Chipinge district.

HDF Energy and Zimbabwe Electricity Transmission and Distribution Company (ZETDC) have agreed to develop Zimbabwe’s first green hydrogen power plant, with the French GH2 developer promising financial close soon.

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.

London AIM-listed Helium One Global has entered an agreement with Australian Securities Exchange (ASX)-listed Noble Helium “to co-operate in sourcing and securing a suitable drilling rig” for drilling operations in the Rukwa Basin.  Helium One said its Rukwa project is the “largest known primary helium resource in the world”.

AIM-listed Chariot Energy expects to complete its Nour green hydrogen project feasibility study in the next 18 months. Partnered with Total Eren, Chariot expects the giga-scale scheme eventually to produce some of the world’s cheapest GH2, in the increasingly fashionable Mauritanian development space also being promoted by companies including CWP Global and BP, writes John Hamilton.

Green hydrogen (GH2) pioneer CWP Global’s proposed project in Djibouti – with a possible extension into Ethiopia – highlights the Horn of Africa’s potential to become one of the continent’s future fuel hotspots, alongside Egypt, the Atlantic north-west running from Morocco to Mauritania, and the south-west margin from Namibia to South Africa.

Following an explosive report alleging widespread fraud at one of India’s largest conglomerates the share price of Adani Group companies plummeted on the Indian stock exchange, in an affair that could yet have implications for a proposed 10GW renewable power and green hydrogen project in Morocco.