Africa's Green Economy Summit’s Post

💼 South Africa Approves Renewable Energy Masterplan 🌍⚡ South Africa has officially approved the South African Renewable Energy Masterplan (SAREM), aiming to drive investment and development in the renewable energy sector. Key highlights include: ✅ Focus on Key Technologies: SAREM emphasizes the development of solar and wind energy, as well as battery storage solutions utilizing lithium-ion and vanadium technologies. ✅ Industrialization and Localization: The plan seeks to leverage the growing demand for renewable energy to promote industrialization and local manufacturing of key components, fostering economic growth and job creation. ✅ Green Hydrogen Development: SAREM includes directives to incorporate the development of green hydrogen fuel, aiming to meet international standards of a 5% blended fuel in aviation and maritime sectors by 2030. This strategic initiative positions South Africa as a key player in the global renewable energy landscape, promoting sustainability and economic advancement. 📖 Read the full article here: https://lnkd.in/dXhGQ68m