News Flash
- A Request for Information (“RFI”) has been issued by the Council of Scientific and Industrial Research(“CSIR”) and Meridian Economics on behalf of KfW Development Bank (“KfW”)to solicit information about potential green hydrogen project opportunities from a wide range of networks.
- The RFI is an information gathering exercise. It is an open, non-compulsory, non-binding process and does not preclude KfW from engaging with other projects that have not responded to the RFI.
KfW Development Bank, on behalf of the German government, has launched a concessional financing initiative seeking to catalyse the development of a green hydrogen economy in South Africa. South Africa’s rich endowment of world-class renewable energy resources, strong existing technical and financial capabilities, and access to platinum group metals places the country in an extraordinary position to develop a thriving, globally competitive green hydrogen market. The KfW initiative is underpinned byGermany’s National Hydrogen Strategy which aims to support the establishment of hydrogen supply chains and develop partner relationships to facilitate the accelerated uptake of green hydrogen as part of the global energy transition.
The KfW funding initiative will take a phased approach to identify and support promising project opportunities in the South African market. The first phase of this approach is to facilitate an open, participatory process to obtain information from companies and consortia that would be interested in presenting green hydrogen project proposals. Consideration will be given to new projects for the production, transport, export or storage of green hydrogen and its derivatives, as well as projects in existing value chains that support the transition of fossil-based processes to green hydrogen within a specific timeframe, for example in heavy industries, chemicals and transport.
Offerings from financial institutions, such as innovative financial instruments or funded subsidy mechanisms for stimulating the competitiveness of green hydrogen in the South African market, will also be considered.
Link to Request for Information document HERE
Author: Bryan Groenendaal
