Africa could capture 15% of globally traded hydrogen volumes, but higher project financing costs risks its production build out, a new Hydrogen Council report has found.
Released today (March 26), The Africa Hydrogen Opportunity report said African countries could meet 15% of globally traded hydrogen demand, by leveraging its abundant renewable energy potential.
The report estimated renewable hydrogen production on the continent could grow from one million tonnes per annum (mtpa) in 2030 to 11 mtpa in 2050, mobilising a cumulative investment of $400bn and increasing African export value by $15bn.
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