Coega, Nelson Mandela Bay, South Africa, 18 May 2026
- +$1bn Capital Expenditure on Topsoe’s dynamic Ammonia Loop and 850 MW integrated Solid Oxide Electrolyzer Cell Technology
- The Coega Plant will produce over 1m tonnes of Green Ammonia a year at an FOB price of $650/tonne (CIF Price below $700/tonne), with an expected Commercial Operation Date (COD) in 2031.
- Danish Original Equipment Manufacturer, Topsoe selected for their state of the art solution, superior efficiency, quality and overall cost savings, strongly supporting the commercialisation of the South Africa’s Lighthouse Green Ammonia project.
- The Coega Green Ammonia project will be supplied from Topsoe’s new SOEC Stack Manufacturing Facility in Herning – inaugurated October 2025, with an electrolyser production capacity of 500 MW per year
Giles Redpath CEO and co-owner of Hive Energy said “The massive step up in efficiency that Topsoe brings to the Green Hydrogen Industry with its Solid Oxide Electrolyzer Technology to produce Green Ammonia means we can reduce capital expenditure on renewables by over €0.5 billion and also benefit from a 25% reduction in electricity transmission and wheeling costs which reduces overall operating costs substantially and most importantly brings down the selling price of unsubsidised Green Ammonia to one of the lowest globally”.
Redpath remarked further that “The Hive Hydrogen Green Ammonia project will also be a game changer in itself, not only producing Green Ammonia at a price that outcompetes Blue Ammonia but also for the tremendously positive impact that the project will have for the Just Energy Transition – creating jobs and helping to uplift communities and people living in poverty in South Africa”
Hive Hydrogen has recently reached some major milestones including completion of the Green Ammonia Plant Environmental Impact Assessment, and in the final stage of project development (Front End Engineering Design)
Hive is currently inviting interested parties to participate in this game changing project. The latest Project Information Memorandum – 15 May 2026 – is now available to prospective investors and lenders.
About Hive Hydrogen
Hive Hydrogen backed by Hive Energy and Built Africa has been working since September 2019 on establishing a large-scale Green Ammonia plant in South Africa powered by renewable energy to produce 1,000,000 tons a year .
The Coega Green Ammonia Project is in its final stage of development and is on track to commence Front End Engineering Design in Q3 2026 and conclude Final Investment Decisions by Q3 2027.
Hive Energy headquartered in Hampshire, United Kingdom, with offices in 22 countries have developed more than 3000 MW of grid connected Solar PV Plants on 50+ Solar Sites and over 40 industrial, commercial Solar Rooftop sites. Hive Energy has also progressed to final stage development of their giga- scale Green Hydrogen
project in Spain.
Hive Energy is delivering transformational change for a cleaner future – delivering world-class solar and wind projects, helping build the Hydrogen economy and smart solutions across the circular economy
The BuiltAfrica Group, located in Waterfall Point Office Park in Midrand near Johannesburg was founded in 2008 by Thulani Gcabashe to develop and invest in renewable energy projects. Thulani has held positions as former chairman of Standard Bank Group (2015–2022), Imperial Holdings Limited (2008–2015), MTN Zakhele Limited (2010–2015), and CEO of Eskom (2000–2007).
The Built Africa Group focuses on developing renewable energy projects in South Africa, having successfully participated in the South African government’s Renewable Energy Independent Power Producer Programme (REIPPP) with two large scale solar generation plants – building and operating the plants.
Coega Green Ammonia Overview
- Own high yielding, integrated grid connected, Wind (1499MW) and Solar energy (1430MWac) Renewable Energy assets managed for optimal plant utilisation
- Leveraging newly liberalised and favourable Electricity Regulations and the South African government’s strategic focus on enabling the Green Hydrogen Industry
- Deploying 850MW of the most efficient, next generation, Green Hydrogen production technology – Solid Oxide Electrolyer Cell (SOEC) – high temperature electrolysis
- Leveraging existing, world class, fit for purpose and embedded: port, road, rail and transmission infrastructure as well as good labour resources with developed skill sets
- Securing the lowest cost of capital through favourable EPC, OEM, and Climate Change funding terms, DFI and other support programs
- Partnering with established Top Tier Ammonia Off-takers with proven track records in the Far East and Europe
Media Enquiries
Colin Loubser – email : colin.loubser@hive-energy.com
https://www.hiveenergy.co.uk/clean-futures/green-hydrogen/coega-green-ammonia-project/
