Team Europe Invests €11.5 Billion in South Africa’s Green Energy and Development Projects

By Valentine Uchechukwu Ndukwu

Team Europe Invests €11.5 Billion in South Africa’s Green Energy and Development Projects

South Africa has secured a major investment boost as President Cyril Ramaphosa and European Commission President Ursula von der Leyen unveiled an €11.5 billion (about R230 billion) Team Europe package in Brussels.

The funds will support key areas such as renewable energy, infrastructure, digital development, and local pharmaceutical production.

The goal is to promote inclusive growth while helping South Africa transition toward a cleaner, low-carbon economy.

Part of the investment will go into large-scale projects like the Coega Green Ammonia Project in Nelson Mandela Bay, aimed at meeting the rising demand for eco-friendly fuel in agriculture, mining, and shipping.

The package will also strengthen vaccine production and biomanufacturing in South Africa to serve the entire African continent.

Ramaphosa said the investment would not only create jobs but also prepare the country for the future by supporting sectors like green hydrogen, electric batteries, and logistics infrastructure.

During the same event, Ursula von der Leyen announced an additional €618 million investment to expand renewable energy access across Africa, benefiting countries such as Kenya, Nigeria, Zambia, and Uganda.

She praised South Africa for leading the continent’s clean energy transformation.

The initiative, she added, will help millions gain access to electricity while boosting Africa’s role in the global shift to sustainable power.