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South Africa’s PIC leads a R655.6m pledge for green hydrogen | SA News

South Africa’s Public Investment Corporation (PIC), the continent’s biggest money manager, and two development institutions have pledged $37 million (around R655.6 million) to a fund for financing green hydrogen projects.

The Development Bank of Southern Africa (DBSA) and the Industrial Development Corporation (IDC) of South Africa will help finance the SA-H2 fund, which blends public and private capital. It is managed by a partnership between Hague-based Climate Fund Managers and Invest International, a Dutch development finance institution.

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