SA-H2 Fund Managers

Powering Progress with Green Hydrogen

The global energy transition is a pivotal shift from fossil fuels to sustainable energy sources, essential for reducing CO2 emissions and meeting the Paris Agreement’s climate goals.

Renewable energy and green hydrogen are the key to this transformation, mitigating climate change, enhancing energy security, and creating a more inclusive, resilient global economy. Emerging markets like South Africa are central to advancing green hydrogen production, unlocking sustainable growth both locally and globally.

SA-H2 Fund Managers (Pty) Ltd (“SA-H2”) is a joint venture between Climate Fund Managers (CFM), a climate-focused blended finance investment manager and Invest International, the Dutch development financing institution. It manages the SA-H2 Fund (also known as Climate Investor Three South Africa/ CI3 South Africa), a USD 1 billion target blended finance facility investing in the development, construction, and operation of green hydrogen infrastructure within South Africa.

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South Africa is well positioned to produce and export green hydrogen, leveraging its abundant solar and wind resources, available land, established ports, proximity to key off-take markets, and supportive regulatory frameworks. SA-H2 will work in partnership to develop, construct, and operate green hydrogen infrastructure in South Africa, driving measurable social, environmental, and economic growth through international trade, foreign direct investment, enhanced access to green energy, water treatment solutions, domestic hydrogen use, and job creation.

Press Releases

SA-H2 Fund Makes Inaugural Investment in Hive Hydrogen, South Africa’s First Large-Scale Green Ammonia Plant

SA-H2 Fund (“SA-H2” also known as “CI3 South Africa”), managed by a partnership between leading climate finance investor Climate Fund Managers (“CFM”) and Dutch development financing institution, Invest International, has committed up to USD 20mn in development funding to complete the final stage of development of the Hive Hydrogen Coega Green Ammonia Project - South Africa’s first large-scale green ammonia production facility.

South Africa’s PIC, DBSA and IDC Commit to SA-H2 as Fund Makes First Investment in Green Hydrogen Sector

In a significant step to accelerate South Africa’s just energy transition (JET) and establish the country as a global green hydrogen leader, the Public Investment Corporation (PIC), South Africa’s state-owned asset manager, the Industrial Development Corporation of South Africa (IDC), and the Development Bank of Southern Africa (DBSA) have committed ZAR 656mn (~USD 37mn) to the SA-H2 Fund (SA-H2 also known as CI3 South Africa).

Unveiling The ‘SA-H2 Fund’: South Africa’s Dedicated Green Hydrogen Fund

Pretoria, 20 June 2023: Today, during the visit of Prime Minister Mark Rutte from the Netherlands and Prime Minister Mette Frederiksen from Denmark to President Cyril Ramaphosa, a Heads of Agreement has been concluded with the intention to launch a new ‘SA-H2 Fund’ (SA-H2). SA-H2 is an innovative blended finance fund, that will facilitate and accelerate the development of a green hydrogen sector and circular economy in South Africa. The Fund is supported by Climate Fund Managers (CFM) and Invest International B.V. (II) of the Netherlands, Sanlam Limited of South Africa (Sanlam), the Development Bank of Southern Africa (DBSA), and the Industrial Development Corporation of South Africa (IDC), in collaboration with other strategic partners.

SA-H2 Fund Managers

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Press Releases

SA-H2 Fund Makes Inaugural Investment in Hive Hydrogen, South Africa’s First Large-Scale Green Ammonia Plant

South Africa’s PIC, DBSA and IDC Commit to SA-H2 as Fund Makes First Investment in Green Hydrogen Sector

Unveiling The ‘SA-H2 Fund’: South Africa’s Dedicated Green Hydrogen Fund

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