South Africa's first large-scale green ammonia project, the Hive Hydrogen Coega initiative, has received an initial investment of up to USD 20 million from the SA-H2 Fund. This project is located in the Coega Special Economic Zone in Nelson Mandela Bay, Eastern Cape Province. The facility, developed by Hive Hydrogen South Africa, aims to leverage 3.6 GW of renewable energy capacity to produce 1 million tonnes of green ammonia annually for export to key markets. The financing, managed by CFM and Invest International, supports early-stage activities and showcases a commitment to the success of the project. The Hive Hydrogen Coega project is expected to reach financial close in 2026 and begin operations in 2029, contributing to South Africa's green hydrogen economy. Additionally, a solar cluster developed by Hive Energy will provide 40% of the plant's power needs, demonstrating a comprehensive approach to sustainable energy production.