On 15 September 2026, the European Commission announced that under the Africa Green Hydrogen Summit in Cape Town, Team Europe has initiated two new Global Gateway projects in South Africa. The aim is to mobilise investments and strengthen cooperation in the fields of green hydrogen, critical raw materials, and sustainable industrial value chains.

The total budget for the two initiatives amounts to €57.8 million. The first project is aimed at supporting the development of value chains for critical raw materials and batteries, renewable and low-carbon hydrogen, as well as processed metals and minerals in South Africa. The second project focuses on mobilising investments in the green hydrogen sector.

Financing is provided through a combination of grants, equity, and concessional finance, complemented by technical assistance and political cooperation.