A significant milestone has been reached with the development of a giga scale solar project, the result of a co-development consortium comprising Hive Hydrogen, Akuo Energy Afrique, Africoast Investments, and Golden Sunshine Trading. This consortium, which solidified its collaboration earlier this year, has been diligently working towards this achievement for the past two years.
Thulani Gcabashe, Chairman of Hive Hydrogen SA, praised the efforts, stating, “The Crossroads Green Energy team has developed this project on time and well within budget. The professionalism and dedication everyone has shown is truly exceptional.”
Don McGillivray of Africoast Investments highlighted the collaborative efforts, noting, “Africoast, Golden Sunshine Trading, and Akuo Energy are co-developing a 6000 MW pipeline of solar and wind energy projects, notably for the Coega Green Ammonia projects. The Crossroads Green Energy cluster is being developed for phase 1 of the Coega Green Ammonia Project, while the remaining projects are progressing through phased development to meet future demand in Coega and potential other offtakes. We are proud to be working together with Hive Energy to realize these strategic projects.”
Hive Energy’s $5.8 billion (R105 billion) green ammonia project, which will produce over 1 million tons annually, stands as a flagship investment in South Africa. The project was presented at the Presidential Investment Summit in Sandton, South Africa, and was awarded Strategic Integrated Project Status by the Ministry of Public Works in November 2022. This project is expected to provide a substantial economic boost to South Africa, benefiting the Eastern, Northern, and Western Cape Provinces.
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