A joint declaration of intent was signed between South Africa and Germany during the Bi-National Commission, focusing on the establishment of a South African-German Hydrogen Task Force.
- The declaration does not have any financial implications for South Africa and is not legally binding.
- The task force aims to drive the commercial viability of green hydrogen projects, industry, and infrastructure in both countries.
- It will facilitate the exchange of information, support the establishment of lighthouse projects, and promote trade of green hydrogen and power-to-X products.
- The task force will act as a platform for knowledge sharing, explore opportunities for exporting green hydrogen products from South Africa to Germany, and address key challenges in the value creation chain.
- The Ministry of Electricity sees green hydrogen as a crucial sector for South Africa’s economic growth and development, aligning with the country’s Investment Strategy and National Development Plan.
- The goal is to position South Africa as a preferred African investment destination and achieve a target of 30% Gross Fixed Capital Formation (GFCF) to Gross Domestic Product (GDP) by 2030. Green hydrogen is considered one of the key sectors in this strategy.