A solar project in South Africa
Green hydrogen to reach $2-3/kg in Africa - DNV
Hydrogen will meet 5pc of demand for energy carriers in 2050, DNV forecasts
Green hydrogen is already on track to achieve costs of $2-3/kg in Latin America and Africa, according to risk management company DNV. “DNV is involved in some projects in Latin America and Africa where we already see the potential for green hydrogen production costs in the range of $2-3/kg using solar PV,” the company says in its Financing the Energy Transition report. Green hydrogen cost forecasts vary greatly. The International Renewable Energy Agency (Irena) says costs could fall to “well below” $2/kg by 2030. Bloomberg New Energy Finance forecasts that clean hydrogen will cost below $2/kg in much of the developed world by 2030. And a US goal to produce green hydrogen at $1/kg is feasible
Also in this section
23 May 2025
Investors remain committed to development but are waiting on greater international market certainty
22 May 2025
The government has ambitions to scale up production and become a major exporter by the end of the decade
21 May 2025
Half of winning bidders are based in southern European country as €1b auction clears at lower-than-expected levels
16 May 2025
Only 21% of approved IPCEI projects reach FID as cost overruns and funding delays hamper progress, according to European Commission officials
