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Just energy transition could spur R1.5-trillion green investment – Cliffe Dekker Hofmeyr

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THROUGH the Just Energy Transition Investment Plan, R1.5-trillion could be invested in South Africa over the next five years in new frontiers of renewable energy, green hydrogen and electric vehicles, says law firm Cliffe Dekker Hofmeyr (CDH).

Moreover, with the National State of Disaster being declared amid crippling power cuts, South Africa’s hydrogen valley project is being viewed as a potential beacon of light in the transition to a low-carbon, sustainable economy, CDH states.

In addition to the hydrogen valley initiative spanning Limpopo, Gauteng and KwaZulu-Natal, other green hydrogen projects, as reiterated by President Cyril Ramaphosa in his State of the Nation Address on Thursday, include Sasol’s Boegoebaai project in the Northern Cape, and the Prieska Power Reserve project.

Meanwhile, Mining Weekly can report that hydrogen valleys are gaining momentum globally, with the European Commission, for example, using them to create interconnected energy ecosystems across Europe.

South Africa’s Department of Science and Innovation describes hydrogen as a key priority for South Africa and draws attention to the hydrogen hubs partnership it has with mining company Anglo American, Bambili Energy and Engie, which

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