Hyphen Unveils ESG Framework for Namibia Green Hydrogen Project
Hyphen Hydrogen has launched its socio-economic development framework for the $10 billion green hydrogen development project in Namibia.
Read the latest Archives of oil, gas and energy news.
Hyphen Hydrogen has launched its socio-economic development framework for the $10 billion green hydrogen development project in Namibia.
Namibia has finalized agreements with Germany, the Netherlands and the European Union for the establishment of a finance vehicle aimed at boosting capital for green hydrogen projects.
Namibia has approved a Feasibility and Implementation Agreement with Hyphen Hydrogen Energy for the development of sub-Saharan Africa’s largest green hydrogen project.
The Namibian Government will sign a feasibility and implementation agreement on Friday with project developer Hyphen Hydrogen Energy for the country’s $10 billion green hydrogen project.
Hyphen Hydrogen Energy will finalize negotiations with the government of Namibia next month and commence green hydrogen production infrastructure development with a €9.7 billion investment.
Enersense Energy Namibia has partnered with global renewables firm, Fortescue Future Industries to explore the development of green hydrogen and green ammonia in Namibia.
The EU has sought a deal with Namibia to increase its import of green hydrogen in order to reduce the bloc’s dependence on Russian energy.
With the assurance of $6.3 million in concessional fees from the country’s preferred hydrogen bidder, Namibia is on track to realize its green hydrogen and economic goals.
Namibia’s vast renewable energy potential and its abundance of platinum group metals places the southern-African country as an anticipated global leader in green hydrogen production.
With HYPHEN Energy selected as the preferred bidder, the green hydrogen project represents a significant step for the country as it pursues both an energy transition and socio-economic growth.