Namibia to develop $9.4bn green hydrogen project


Namibia has announced the building of its first green hydrogen plant as part of its efforts to become a major green hydrogen and ammonia exporter.

Haven Hydrogen Energy was chosen as the best candidate among the bids to establish the country’s first hydrogen project, and the winning business will have the right to build and manage the project for 40 years.

Haven is a joint venture between Nicholas Holdings in the United Kingdom and Intertrag, a renewable energy provider in Germany.

Namibia has a lot of potential for producing renewable energy and hence green hydrogen.

If the project is successful, Namibia will be home to one of the continent’s largest green hydrogen projects.

The project is located in Cao Khaib National Park on the country’s southwest coast, an arid location perfect for creating clean power from solar and wind energy while also exporting the most affordable green hydrogen.

According to the World Bank, the corporation aims to invest $9.4 billion over the following nine years, approximately equivalent to the country’s GDP of $10.7 billion in 2020.

The project will create 300,000 tons of green hydrogen per year for regional and worldwide markets, either as pure green hydrogen or as various derivatives like green ammonia.

The first phase, which is slated to begin production in 2026 and cost $4.4 billion, would supply 2 gigawatts of renewable power generation capacity to create green hydrogen and convert it into green ammonia.

By 2030, Haven CEO Marco Rafiniti expects to have 5 gigawatts of producing capacity and 3 gigawatts of electrolysis capacity, according to Rafiniti.

When the project is completed, it will create around 15,000 work opportunities during the building phase and additional 3,000 job possibilities during the operating phase.

Namibians are projected to occupy more than 90% of these positions.

Haven Energy was notified that it had won the bidding, but it would not have any official rights until the feasibility study is completed and the construction contract with the government is signed.

Arnes Biogradlija
Creative Content Director at EnergyNews.Biz

CaixaBank promotes green hydrogen

Previous article

Mercury, Mobo, and H2 Korea in hydrogen market development project

Next article

You may also like

More in Africa


Comments are closed.