EU Supports Green Hydrogen Investment in Namibia with €53.9 Million Package
Key Ideas
  • The European Commission has allocated EUR 53.9 million to support clean hydrogen and renewable power in Namibia through three funding agreements.
  • The funding will target private sector projects along the hydrogen value chain, energy planning, renewable energy solutions in remote areas, and the Green Hydrogen Program.
  • This initiative is part of the EU's Global Gateway investment package to promote cooperation in energy, transport, healthcare, and education, with a total investment of EUR 300 billion by 2027.
  • The partnership between the EU and Namibia aims to develop sustainable raw materials value chains, enhance renewable hydrogen production, and create a supportive regulatory environment for green fuels.
The European Commission has announced a funding package of EUR 53.9 million to support the deployment of clean hydrogen and renewable power in Namibia. This initiative includes three agreements aimed at driving investment in the green hydrogen sector and enhancing energy planning in the country. The EU, along with Germany and the Netherlands, will contribute to green hydrogen investment funds, energy planning initiatives, and the Namibia Green Hydrogen Program. The funding will focus on private sector projects across the hydrogen value chain, decentralized renewable energy solutions, and regulatory support mechanisms for the green hydrogen sector. The investment is part of the EU's Global Gateway initiative, which plans to invest EUR 300 billion by 2027 in various sectors, including energy. The partnership between the EU and Namibia also aims to promote sustainable raw materials value chains and renewable hydrogen production. The EU's commitment to supporting Namibia in developing a national strategy for critical raw materials and a regulatory framework for the hydrogen industry underscores the positive sentiment towards green energy initiatives.
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