The EU has approved a significant funding of €53.9m to drive green hydrogen and renewable energy projects in Namibia. The allocation includes €36.9m for Namibia, with a focus on advancing green hydrogen production and supporting downstream industries. The investment is part of the larger goal to raise €1bn for the 3GW Hyphen Hydrogen Energy project, anticipated to require $10bn for completion. The project has received support from the European Investment Bank and Dutch impact fund Invest International. Additionally, a €1.2m grant has been allocated to the Namibia Green Hydrogen Programme to regulate and steer the green hydrogen sector effectively. The initiative aims to bolster Namibia's green industrialization efforts, enhance energy security, and boost prosperity in line with the country's development vision. Germany has also recognized the significance of the Hyphen Hydrogen Energy project, marking it as a 'strategic foreign project.' The project is a collaboration between Enertrag, Nicholas Holdings, RWE, and Approtium, with several off-take agreements already in place. The EU's commitment signifies a positive step towards sustainable energy development in Namibia.