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Namibia to sign N$186bn green hydrogen project agreement
Namibia | Namibia to sign N$186bn green hydrogen project agreement in Q2
Namibia is set to commence feasibility studies for its N$186 billion ($10 billion) green hydrogen project in Q2 2023 after the implementation agreement is signed.
Speaking at the ongoing Africa Energy Indaba 2023 summit, Frans Kalenga, BEng (Rus), Msc (UK), MBA, Senior Manager of Sustainable Energies at NAMCOR NAMIBIA, announced that six green hydrogen projects are underway in Namibia.
The HYPHEN Hydrogen Energy project, expected to produce 300,000 metric tonnes of green hydrogen annually, will generate its power from 5-6 gigawatts of renewables and 3GW of electrolyser capacity.
Hyphen Hydrogen Energy recently signed two memorandums of understanding (MOUs) with a major chemical company and South Korean hydrogen producer approtium for a total annual offtake of 750,000 million tonnes of green ammonia. The project's success is a key to unlocking other land parcels, according to Kalenga.
Namibia has four German-funded pilots worth €30 million for hydrogen dual fuel locomotives, refuelling stations, and agriculture and port applications currently underway.
HDF Energy Namibia is constructing an 85-megawatt solar power plant and a green hydrogen production unit in Swakopmund along the Namibian coast and has secured finance from the European Investment Bank at COP27.
Namibia to sign N$186bn green hydrogen project agreement
Namibia is set to commence feasibility studies for its N$186 billion ($10 billion) green hydrogen project in Q2 2023 after the implementation agreement is signed.
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