The European Union (EU) To Invest Ksh1.8 billion (€12 million) in Kenya’s green hydrogen industry.
Ursula von der Leyen, the President of the European Commission, announced on Tuesday, during the Africa Climate Summit after launching the Green Hydrogen Strategy and Roadmap that the European Union (EU) will Invest Ksh1.8 billion (€12 million) in Kenya’s green hydrogen industry.
The funds will be provided in the form of grants to attract public and private investments into the green hydrogen industry.
Speaking during the launch of the green hydrogen roadmap, Von der Leyen lauded the initiative adding that it would multiply the country’s exports.
“Kenya’s ambitious target of 100% clean energy by 2030 is an inspiration for other countries. The Roadmap on Green hydrogen will support Kenya towards that goal. It will help cut emissions, support a strategic industry for the country’s future and boost its export capacity towards partners like the EU,” she stated.
