Two Team Europe Global Gateway projects worth more than R1 billion (EUR 57.8 million) were launched at the African Green Hydrogen Summit in Cape Town today.
The projects bring together the European Union, Germany, Denmark, and the Netherlands, and is implemented by GIZ and KfW in close cooperation with South African development finance institutions and stakeholders.
Building on the strategic partnership between the European Union and South Africa, the projects will support the just energy transition and sustainable industrial development by seeking to position South Africa as a leading producer of green hydrogen and related products, as well as by increasing local value addition in minerals and battery value chains, thereby contributing to job creation and sustainable growth.
This will be pursued by deploying grant, equity and concessional capital for investment in green hydrogen projects in South Africa, and by strengthening policy and ESG frameworks, fostering private sector engagement, improving access to finance, increasing investment in industrial research, development and innovation, and building skills and institutional capacity.
The projects are part of the broader Team Europe Global Gateway Investment Package worth more than R200 billion, announced in October 2025.
They are a concrete demonstration of Team Europe’s commitment to translating the investment package into real jobs and growth in South Africa for our mutual benefit.
Jozef Síkela, European Union Commissioner for International Partnerships said “these two Global Gateway projects show how Team Europe, together with South Africa, can create the right conditions for private investors to enter markets with high potential and deliver solutions that boost sustainable development. By mobilising investments in renewable hydrogen, sustainable minerals and metals value chains, it supports the transformation of South Africa’s renewable energy potential into benefits for its companies and people with quality jobs in a competitive and decarbonised industry.”
Picture: Supplied