Pure Hydrogen and Botala Energy (ASX: BTE) have executed a term sheet to establish the Serowe Hydrogen Hub renewable energy business targeting 50MW power generation. Hydrogen, solar and other green energy projects are being considered with the joint venture drawing on Pure Hydrogen’s established partnerships and operations in the Australian hydrogen sector along with Botala Energy’s existing gas interests in Serowe.
The Hydrogen Hub, contemplated for Botswana, is expected to be one of the largest in Africa. Pure Hydrogen will provide hydrogen support for the Project which will potentially be eligible for several financing programs that apply in the country.
The market for green energy in Botswana has been strengthened after developing a renewable energy strategy alongside the World Bank, which will allow the country to become energy independent from neighbouring South Africa.
The country plans to add renewable energy and natural gas power generation to its portfolio through independent power producer projects, which had previously not been able to operate due to regulatory framework challenges.