EU Funds Namibia's Green-Hydrogen Projects for Transition to Cleaner Fuels
Key Ideas
- The European Union and other partners commit €36.9 million in funding for Namibia's cleaner fuel transition, with a focus on green-hydrogen projects.
- EU's €25 million contribution aims to support Namibia's green industrialization by leveraging public and private investments estimated at about €1 billion across the hydrogen value chain.
- Namibia aims to become a hub for green-hydrogen technology, with projects like the $10 billion Hyphen project and Compagnie Maritime Belge SA's $3.5 billion ammonia plant in development.
- The funding is expected to strengthen commercial relations, create employment opportunities, and support green transitions for both Namibia and the EU.
The European Union, along with other partners, has pledged €36.9 million in funding to support Namibia's transition to cleaner fuels, particularly focusing on green-hydrogen projects. The EU's commitment of €25 million is set to aid Namibia's green industrialization efforts by attracting public and private investments of around €1 billion throughout the hydrogen value chain. Namibia is positioning itself to be a center for green-hydrogen technology, with significant projects like the $10 billion Hyphen project, which has investments from Germany's Enertrag SE, and plans by Compagnie Maritime Belge SA to build a $3.5 billion ammonia plant connected to a storage and export facility in the Port of Antwerp-Bruges. The funding is anticipated to enhance commercial ties, generate employment opportunities, and facilitate the green transitions of both Namibia and the European Union, as stated by EU Energy Commissioner Kadri Simson in a joint statement.