Friday 26 May 2023

Namibia seals $10bn green hydrogen deal

Namibia seals $10bn green hydrogen deal

Namibia has reached a deal with energy company Hyphen to build a $10 billion (£8bn) green hydrogen project in the Namib desert.

The hydrogen produced at the facility will then be exported to Europe, allowing the African nation to gain a stake in the global hydrogen market moving forward.

Solar and wind systems will be used to power the Tsau Khaeb project – with the government collaborating with Germany to ensure its success.

The plant will eventually produce up to two million tonnes of green hydrogen each year when fully operational.

Namibian President Hage Geingob said: “We’ve kickstarted a process that has the potential to transform the lives of many in our country, the region and indeed the world.”

Written by

Bruna Pinhoni

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