The Africa Green Hydrogen Finance Accelerator Forum
The Mauritania Ministry of Petroleum, Mines and Energy and the Africa Green Hydrogen Alliance (AGHA) with support of the Green Hydrogen Organisation (GH2) and the World Bank are hosting Africa Green Hydrogen Finance Accelerator Forum in Nouakchott, Mauritania, on 13-14 April 2023.
The forum will bring together stakeholders from governments, the private sector, development partners, and civil society to discuss approaches to reduce the cost of capital for green hydrogen projects and the specific economics of the projects. It will seek to catalyze the funding needed and identify concrete financing opportunities for green hydrogen projects in Africa.
To unlock Africa’s green hydrogen potential, significant financing will be needed. Innovative low-cost financing will be critical in delivering Africa’s green hydrogen potential, which could sustainably transform African economies.
A November 2022 study by McKinsey on the green hydrogen potential of the Africa Green Hydrogen Alliance (AGHA) countries indicates that meeting the green hydrogen ambitions by leading African countries would require up to USD 55 billion in investment by 2030 and USD 450- 900 billion by 2050. It is critical for stakeholders to ensure an enabling environment that will help unlock investments supporting the green hydrogen economy in developing and emerging economies. Announced projects already exceed these numbers with a wide margin.
At the forum stakeholders will:
Discuss barriers and design solutions to financing green hydrogen projects in Africa
Design fit-for-purpose fiscal terms and financing instruments to help catalyze the financing needed for green hydrogen projects that maximize local wealth creation.
Identify concrete financing opportunities and discuss innovative financial models that can catalyse finance for green hydrogen projects in Africa.
Strengthen commitment towards realizing full socio-economic benefits from the green hydrogen economy.
Enhance international cooperation and collaboration across the entire green hydrogen value chain.
