- The Namibian Government has finalised the acquisition of a 24% equity stake in Hyphen Hydrogen Energy (Pty) Ltd, a Namibian green hydrogen development company.
- The announcement, initially made on 22 December 2023, marks a significant milestone in Namibia’s efforts to establish itself as a leader in green hydrogen development.
The investment was facilitated through the SDG Namibia One Fund, a green hydrogen-focused blended finance facility targeting US$ 1 billion to incubate Namibia’s burgeoning green hydrogen sector and its supporting infrastructure.
The SDG Namibia One Fund is managed by Nam-H2 Fund Managers, a joint venture comprising Namibia’s Environmental Investment Fund (EIF), the climate-focused Climate Fund Managers (CFM), and Dutch development financier Invest International.
Hyphen Hydrogen Energy, a Namibian-registered company, was awarded rights through a public tender to develop the country’s first large-scale green hydrogen project on state-owned land. The project, a joint venture between ENERTRAG SE and Nicholas Holdings Limited, forms the cornerstone of Namibia’s strategy to create a large-scale green hydrogen industry aimed at fostering economic growth and supporting global decarbonisation goals.
Once fully operational, the project is expected to produce 2 million tonnes of green ammonia annually for regional and international markets. It will leverage approximately 7 GW of renewable energy capacity and 3 GW of electrolyser capacity.
Author: Bryan Groenendaal
