State-backed firms from the Netherlands have agreed to back the creation of two $1 billion dollar green hydrogen funds in Namibia and South Africa, giving the country a stake in the development of an industry that’s expected to supply Europe with the green fuel.
Climate Fund Managers BV, a Hague-based company owned by Netherlands’s development bank FMO and South African insurer Sanlam Ltd., and Invest International BV will help run and finance the initiatives, according to statements.
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