Phelan Green Energy, an independent solar power producer, has announced its intention to invest ZAR 47 billion (approximately USD 2.5 billion or EUR 2.37 billion) in constructing a green hydrogen as well as ammonia production plant in South Africa’s Western Cape province.
The subsidiary Solar Capital will oversee the facility’s installation, with expected annual revenues exceeding ZAR 6 billion from green fuel exports.
Known as the Saldanha Green Hydrogen Project, the production complex is anticipated to commence initial exports in early 2026. Planning activities are currently in progress and are slated for completion by the third quarter of 2024, at which point an investment decision will be made.
During the construction phase of the hydrogen project, it is projected to generate 2,500 jobs, while over 500 permanent positions will become available throughout the plant’s operational life.
Paschal Phelan, chairman of Phelan Green, stated, “The launch of our Saldanha Green Hydrogen Project is not just another first-mover milestone; it’s a testament to our team’s unwavering dedication to shaping South Africa’s energy future and our commitment to introducing sustainable innovations to the global market.”