CFM launches fund for green hydrogen and energy transition

In India, SolarQuarter reported that Climate Fund Managers BV (CFM), a finance investment manager specializing in Africa, Asia, and Latin America, has launched a new global energy transition and green hydrogen fund, dubbed Climate Investor Three (CI3). CFM announced that the fund has secured initial capital commitments of $157 million from European donors. The fund’s primary focus will be on accelerating green hydrogen and energy transition projects in South Africa and Namibia, according to the report. CI3 will invest directly into projects or through country-specific underlying funds, including SDG Namibia One and SA-H2. SDG Namibia One, developed in collaboration with the Environmental Investment Fund of Namibia (EIF) and Invest International, supports Namibia’s energy transition and green hydrogen sector. SA-H2, backed by Invest International, Sanlam Limited, the Development Bank of Southern Africa (DBSA), and the Industrial Development Corporation of South Africa (IDC), aims to boost South Africa’s hydrogen economy, the report added. “Green hydrogen is a cornerstone of the global energy transition, and emerging markets, with their vast natural capital, are poised to lead the charge. Through Climate Investor Three, we leverage our expertise in climate-resilient infrastructure to accelerate the energy transition, unlocking private sector investment for a large range of green hydrogen technologies and associated infrastructure, advancing global climate goals and promoting economic development and energy security where it is most needed,” said Sebastiaan Surie, head of hydrogen at CFM.

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