Country: India, China, Turkey, South Africa, Egypt, Chile, Brazil, Indonesia, Kenya, Namibia, Uzbekistan

This project focused on the development of an analytical framework to evaluate the economic and financial viability of green hydrogen investments, with a specific emphasis on identifying opportunities in 11 selected developing countries. The framework targeted key sectors such as manufacturing, petrochemicals, iron and steel production, the power sector, and transportation. By collaborating with local consultants across the nations, the project documented over 50 concrete green hydrogen investment opportunities and provided a tool to assess both short-term and long-term prospects. The findings were consolidated into an external publication by the World Bank. The scope of the project included : 


i) Developing  an analytical framework to assess the viability of relevant green hydrogen investments, identifying feasible applications and business models across industries and engaging local players in green hydrogen value chains.

ii) Focusing on specific sectors and applications, including manufacturing supply chain (e.g., electrolyzers and fuel cells), current hydrogen-consuming sectors (e.g., petrochemicals, ammonia production), iron and steel production, power sector (e.g., natural gas blending, turbines, and pipelines) and transportation (e.g., heavy-duty transport, maritime shipping, public buses, and railways).

iii) Evaluation of  green hydrogen investment opportunities through scorecards analyzing sector/country attractiveness and project-specific opportunities – a 3-5 year focus for immediate investment opportunities and a 10-year horizon for longer-term prospects.

iv) Designing a framework comprising over 100 KPIs for screening sectoral markets and investment opportunities in green hydrogen production and applications.

v) Collaborating with local consultants in 11 developing countries and successfully documenting over 50 green hydrogen investment opportunities across various stages of development.


Duration: July 2021 – October 2022