Namibia Announces Progress with Hyphen Hydrogen Energy to Unlock US$10bn Investment for First Green Hydrogen Project to Help Power the Energy Transition
Namibia, 01 June 2022 – Last week, as leaders gathered from
The Government of Namibia is focusing efforts on achieving large-scale, low-cost Renewable Energy development and designing models for sustainably maximizing fiscal revenue and local development in Renewable Energy investments and green ammonia production. Namibia’s world-class solar and wind resources give it a long-term competitive advantage in producing green hydrogen and green ammonia.
There is widespread acknowledgement that hydrogen will play a pivotal role in decarbonising the global economy. Volumes could reach 500-800 Mt H2 by mid-century. The world is moving, and so are we. Namibia has the potential to achieve highly competitive green hydrogen production costs.
As the world economy works to transition to net zero emissions, Namibia’s vast renewable resources offer a once in a generation opportunity to jump start Namibia’s industrialization, achieve energy security and increase prosperity for its citizens as envisioned under HPPII and Vision 2030, while making a crucial contribution to solving the global climate challenge through the provision of affordable clean energy to the global economy and meeting Namibia’s pledges to the Glasgow Breakthrough agenda.
We will build on existing plans to further refine and detail out the concept for ecosystem clusters within Namibia, reflecting natural synergies and existing assets.
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Namibia, 01 June 2022 – Last week, as leaders gathered from
Implementation of the Joint Communique of Intent (JCoI) – Namibia
The Namibian government has announced that it will choose the
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