EnergyWatch

Scatec secures funding for hydrogen plans in Africa

A Norwegian development fund has awarded its first-ever hydrogen funding to Scatec, which plans to establish green hydrogen production in Africa.

Photo: Scatec Solar

Norwegian developer Scatec has been awarded NOK 85m (EUR 86.m) by the Norwegian Agency for Development Cooperation (Norad) in support of the company’s hydrogen-related ambitions in Africa.

”There is great potential in production of green hydrogen in Africa. The continent has access to large volumes of renewable energy at low costs, and interest in green hydrogen has grown immensely in a short time span. We believe it is right to support these projects at this time,” says Norad Director General Bård Vegar Solhjell.

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