EU Supports Namibia's Green Industrialisation with N$730 Million Investment
Key Ideas
- The EU has allocated N$730 million to support Namibia's Green Industrialisation Agenda through four new initiatives.
- N$500 million will be dedicated to infrastructure development, with a focus on green energy projects.
- The initiatives were announced during a signing ceremony at the Global African Hydrogen Summit in Windhoek.
- The investment aims to realize Namibia's vision of becoming a global hub for green hydrogen production and is expected to create jobs in the new industry.
The European Union has pledged N$730 million to bolster Namibia's Green Industrialisation Agenda, with a significant portion earmarked for infrastructure development, particularly in the realm of green energy. This commitment was formalized during a ceremony coinciding with the Global African Hydrogen Summit in Windhoek. EU's energy commissioner, Kadri Simson, highlighted the alignment of these initiatives with the late president Hage Geingob's vision of positioning Namibia as a key player in green hydrogen production. Namibia's Minister of Mines and Energy, Tom Alweendo, emphasized the potential for job creation in this burgeoning industry, stressing that the scale of projects will determine the extent of employment opportunities. This strategic investment not only signifies EU's support for Namibia's sustainable development goals but also underscores the collaborative efforts of Team Europe in driving the country's transition towards green industrialization.