The African continent has the potential to account for a significant share – up to 10% – of the global hydrogen market by 2050 by leveraging its vast solar, hydropower, wind and biomass resources and catalyzing investments in the development of electrolyzers and associated technologies, according to a recent study from Masdar.
By unlocking up to $1.13 trillion in new investments in hydrogen projects through 2050, Africa could produce up to 60 million tons of green hydrogen capacity – and at a lower cost than other regions – serving to boost electrification and drive economic expansion, with up to $120 billion added to the continent’s GDP and up to 3.7 million jobs created.
Top Green Hydrogen Project Announcements in Africa
