Event

The Africa Green Hydrogen Finance Accelerator Forum

The Africa Green Hydrogen Finance Accelerator Forum

The Mauritania Ministry of Petroleum, Mines and Energy and the Africa Green Hydrogen Alliance (AGHA) with support of the Green Hydrogen Organisation (GH2) and the World Bank are hosting Africa Green Hydrogen Finance Accelerator Forum in Nouakchott, Mauritania, on 13-14 April 2023.

The forum will bring together stakeholders from governments, the private sector, development partners, and civil society to discuss approaches to reduce the cost of capital for green hydrogen projects and the specific economics of the projects. It will seek to catalyze the funding needed and identify concrete financing opportunities for green hydrogen projects in Africa.

To unlock Africa’s green hydrogen potential, significant financing will be needed. Innovative low-cost financing will be critical in delivering Africa’s green hydrogen potential, which could sustainably transform African economies.

A November 2022 study by McKinsey on the green hydrogen potential of the Africa Green Hydrogen Alliance (AGHA) countries indicates that meeting the green hydrogen ambitions by leading African countries would require up to USD 55 billion in investment by 2030 and USD 450- 900 billion by 2050. It is critical for stakeholders to ensure an enabling environment that will help unlock investments supporting the green hydrogen economy in developing and emerging economies. Announced projects already exceed these numbers with a wide margin.

At the forum stakeholders will:

  1. Discuss barriers and design solutions to financing green hydrogen projects in Africa
  2. Design fit-for-purpose fiscal terms and financing instruments to help catalyze the financing needed for green hydrogen projects that maximize local wealth creation.
  3. Identify concrete financing opportunities and discuss innovative financial models that can catalyse finance for green hydrogen projects in Africa.
  4. Strengthen commitment towards realizing full socio-economic benefits from the green hydrogen economy.
  5. Enhance international cooperation and collaboration across the entire green hydrogen value chain.

Let’s enable the rapid uptake of green hydrogen in Africa!

For more information, sponsorship or speaking opportunities, reach out to Joyce Kabui at joyce.kabui@gh2.org.

Agenda

Day 1: Thursday 13 April 

8:00 – 9:30 

Registration and coffee 

9:30 – 9:45 

Opening Remarks 

9:45 –10:30 

Financing flagship projects in Africa Green Hydrogen Alliance (AGHA) countries 

A discussion on actions to finance catalytic frontrunning projects and what is needed from the private sector and partners. 

10:30 – 11:30

Barriers and concrete solutions to financing green hydrogen projects in Africa

Realizing AGHA’s green hydrogen potential will require $450 billion to $900 billion in cumulative investment by 2050. Securing this investment will require countries to address challenges facing early financing. We will need new and innovative financing mechanisms to unlock the capital needed. This session will suggest solutions and look at public auctions and demand aggregation, existing blended financing models and new de-risking instruments.

11:30 – 12:00  Coffee break 
12:00-13:00 

Getting the right blend for a bankable project 

This session will cover blended and innovative finance mechanisms for green hydrogen projects in emerging and developing economies and discuss financial models for bankable green hydrogen projects in Africa. 

13:00 – 14:00 Lunch
13:45 – 15:15 

Financing opportunities - how can early project developers raise equity and leverage development finance 

The session will identify key financiers supporting AGHA’s green hydrogen projects and intensify the collaboration. Participants will map out available finance opportunities for early-stage project development. It will consider how development banks can contribute to making Africa compete for some of the early projects with the IRA in the US. 

15:15-15:30 

Coffee break 

15:30 - 16:00 

parallel sessions 

Spotlight on Sovereign guarantees 

Spotlight on green bonds 

Offtake agreements and pricing clauses  
This session will look at how to structure offtake agreements and possible pricing mechanisms that can be standardised to balance the risks between buyers and sellers and get us closer to bankable offtake agreements. 

19:30 

Reception  
High level ministerial and CEOs dinner 

Day 2: Friday 14 April

8:30 – 9:30 

Technical session- green hydrogen certification roundtable 

This session will discuss how AGHA members can develop and adopt green hydrogen certification and standards reflecting the priorities of African governments, markets, private sector, and public expectations. 

9:30 – 10:30 

Designing fit-for-purpose fiscal terms 

This session will consider what is the appropriate mix of incentives, profits and taxes that both incentivize investments and provide long-term economic benefits for host governments. 

10:30 – 11:30 

Realizing socio-economic benefits from the green hydrogen economy 

This session will outline the significant direct and indirect opportunities presented by the green hydrogen economy in Africa including. It will address the critical shifts needed to achieve these benefits which include driving high-growth industries, boosting economic development, and creating clean sustainable jobs. 

11:30 – 11:45   Coffee break 
11:45 – 12:15 

How AGHA can accelerate financing: A look at the key enablers 

This session will address how AGHA countries can position the continent as a credible player in the fast-growing hydrogen economy to attract foreign direct investments. The session will also explore national-level investment opportunities and action points such as upskilling the workforce, building strategic partnerships, and strengthening regulation. 

12:15 – 13:00 

The ‘Nouakchott agenda’: Key messages for Spring Meetings and COP28 

  • Commitments 

  • COP28 actions 

  • Closing and next steps 

13:00 – 14:00  Lunch 
14:00 – 16:00  Side meetings   

 

Speakers

Saleh

H.E. Abdessalam Mohamed Saleh

Minister of Petroleum, Minerals and Energy, Mauritania

H.E. Dr. Matthew Opoku Prempeh

H.E. Dr. Matthew Opoku Prempeh

Minister, Ministry of Energy, Ghana

Hon. Ali Daud Mohamed

Hon. Ali Daud Mohamed

Climate Envoy, the President’s Climate Change Advisory Council (PCCAC), the Presidency, Kenya

Hon. Tasong Njukang Paul

Minister Delegate, Ministry of Economy Planning and Regional Development in Charge of Planning, Cameroon

Ramy Lotfy

Ramy Lotfy

Chief Commercial Officer, CWP Global

Felipe Arbelaez

Felipe Arbelaez

Senior Vice President Hydrogen & CCS, bp

Frans Kalenga

Frans Kalenga

Technical Advisor on Green Hydrogen, Ministry of Mines and Energy, Namibia

Chariot

Adonis Pouroulis

Group Chief Executive Officer, Chariot

Dean CWP

Dean Bialek

Chief Officer, External Affairs & Government Relations, CWP Global 

Nienke Homan

Nienke Homan

CEO, Impact Hydrogen

Susana Moreira

Susana Moreira

Senior Gas Specialist, World Bank

Laurent Coche

Laurent Coche

CEO, Chariot Green Hydrogen

Carolina Ivern Mesa

Carolina Ivern Mesa

VP Hydrogen, Spain and New Markets, BP

Photo portrait of Ms Inês Schjølberg Marques

Inês Schjølberg Marques

Director for the Green Hydrogen Development Plan

The Green Hydrogen Organisation

ines.marques@gh2.org

Tove

Tove Strauss

Public Finance Consultant, the Green Hydrogen Organisation

Wale

Wale Shonibare

Director responsible for Energy Financial Solutions, Policy and Regulations, the African Development Bank 

Thomas Opperer

Thomas Opperer

Directorate-General for International Partnerships, Climate Change and Sustainable Energy; Nuclear Safety, European Commission

Alexandre Chavarot

Alexandre Chavarot

Director, Climate Finance 2050 Limited

Nadege Hopman

Nadege Hopman

Deputy Head of Regional Representation, Pretoria, European Investment Bank

Thierry Lepercq

Thierry Lepercq

Founder & President, HyDeal

Uri Epstein

Uri Epstein

Business Development Africa, Fortescue Future Industries (FFI)

Omar Jabri

Omar Jabri

Project Development Manager, AMEA Power

Margaret Mutschler

Margaret Mutschler

Chairperson, Namibia Green Hydrogen Association (NamGHA)

JABRI

Jabri Ibrahim

Africa Green Hydrogen Manager, Climate Champions Team

Ayoub Hirt

Ayoub Hirt

Head of Department Green Chemistry, Bioenergy and Agritech, Research Institute for Solar Energy and New Energies (IRESEN), Morocco

Jean-Christophe Thomas

Jean-Christophe Thomas

Managing Director - Western and Central Africa, Siemens Energy

Eugene Nforngwa

Eugene Nforngwa

Thematic Lead, Just Transition and Energy Access, Pan African Climate Justice Alliance

Linus Mofor

Linus Mofor

Senior Environmental Affairs Officer - Energy, Infrastructure and Climate Change, African Climate Policy Centre, United Nations Economic Commission for Africa