Proudly Sponsoring Africa's Green Economy SummitSanlam Investments

The Green Hydrogen Opportunity

The opportunity for green hydrogen in Southern Africa is enormous.

The race to decarbonise our planet is accelerating. Green hydrogen is seen as an increasingly popular global energy solution for hard-to-abate sectors that cannot be electrified. To do so, significant (development) finance will be required to get the sector to scale.

Various national hydrogen strategies have been announced globally as countries set pathways to tap into hydrogen’s potential to decarbonise, ensure energy security and spur sustainable economic growth from stranded energy resources. South-Africa and Namibia, given their excellent location, abundant renewable resources, availability of land and the presence of local industry, are well positioned to become world-class producers, users and exporters of affordable green hydrogen.

• In 2017 we joined Dutch Development Bank, FMO, as shareholder in a strategic partnership with Climate Fund Managers (CFM). Through our partnership with CFM, we can respond to the urgent climate crisis the world faces, particularly in developing economies.
• This landmark transaction, which CFM facilitated through its marine ecosystem venture, Oceans Finance Company (OFC), will protect one of the planet’s most important ecosystems – the Galapagos Islands.
• CFM uses blended finance structuring to attract public and private capital into high-impact sectors. They strive to make sustainable investments into climate-themed sectors relating to green energy, clean water, and sanitation, as well as the protection of coastal ecosystems.
• CFM raised US$950 million (R17 billion) into Climate Investor One (CI1) – a dedicated renewable energy fund investing into projects in developing economies. It is now in the process of fundraising for Climate Investor Two (CI2), a fund focusing on water, sanitation, and ocean in the same geographies – having raised over US$850 million in commitments to date. Sanlam’s contribution to these funds and initiatives is approximately US$70m (R1,3 billion).