After examining and highlighting the advantages of utilizing solar power to create green hydrogen in four African countries, a new study published by the European Investment Bank (EIB), in collaboration with the International Solar Alliance and the African Union, reveals Africa’s significant potential for green hydrogen.
According to the study analysis, utilizing Africa’s solar energy to produce 50 million tons of green hydrogen annually by 2035 can help secure the world’s energy supply, boost global competitiveness, create jobs, decarbonize heavy industries, and revolutionize access to clean water and sustainable energy.
The countries concerned with this new output are Mauritania, Morocco, South Africa, and Egypt.
Government officials, ministers, representatives of the international financial community, corporate partners, and members of civil society from all over Africa who attended the unveiling event at the Mauritania Pavilion at COP 27 in Sharm el Sheikh had a quick glimpse at the report.
The EIB published a road map for the commercialization of green hydrogen in Africa, which called for the national planning, regulation, and incentive programs to encourage private sector investment.
Green hydrogen generation, storage, delivery, and usage must be demonstrated successfully at both the demonstration and commercial scales in pilot projects, said the report’s recommendation.
In addition, the success of this sector is highly dependent on close market-based collaboration, required to enable large-scale domestic and international off-take and demand for green hydrogen, as well as to increase cooperation in the design, financing, construction, and operation of green hydrogen production, storage, and distribution infrastructure.
A trillion euro investment in green hydrogen can provide more than one-third of Africa’s current energy consumption, enhance GDP (gross domestic product), improve clean water supplies, and empower communities, according to the investment bank.
Notably, the new study forecasts that investing in green hydrogen may reduce carbon emissions in Africa by 40%, replacing 500 million tons of CO2 each year.
“Africa can secure access to clean and sustainable energy on the continent and become a global energy player through green hydrogen exports,” concluded EIB.
Morocco recently initiated works to produce a 100% Moroccan Green Hydrogen offer, under royal guidelines, which aims to position the kingdom as a continental and regional supplier of renewable, green energy.
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