Namibia's Million Dollar Investment in Green Hydrogen Projects
Key Ideas
- Namibia has spent N$380 million on consultancy, feasibility studies, and S&T allowances for green hydrogen projects like Hyphen, Dâures, Cleanergy Solutions, HyRail, HDF, HyIron, and Zhero.
- European companies pledged a total of N$1.7 billion for these projects, with the highest pledges from Invest International, Germany's federal ministries, and the European Union.
- The Hyphen project, the most expensive at N$190 billion, aims to create 15,000 jobs and produce 300,000 tonnes of green hydrogen annually, with significant investments from the consortium.
- Other projects like the H2-pilot plant at Walvis Bay and the Dâures Green Hydrogen Village are progressing with grants from the German government, highlighting a positive sentiment towards green hydrogen development in Namibia.
Namibia has invested N$380 million in consultancy services, feasibility studies, and S&T allowances for the development of various green hydrogen projects. These projects include Hyphen Hydrogen Energy, the Dâures green hydrogen village, Cleanergy Solutions, HyRail, Hydrogene De France (HDF), HyIron, and Zhero. Namibia received pledges totaling N$1.7 billion from European government-related companies, with notable contributions from Invest International, Germany, and the European Union.
The Hyphen project, valued at N$190 billion, is expected to create 15,000 jobs and produce 300,000 tonnes of green hydrogen annually. The Dâures Green Hydrogen Village and the H2-pilot plant at Walvis Bay are also progressing with grants from the German government. These developments indicate a positive sentiment towards green hydrogen projects in Namibia, despite criticisms regarding government secrecy and involvement of politically connected individuals. These projects aim to revolutionize the energy sector, create employment opportunities, and contribute to a sustainable future for Namibia.