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Namibia and Hyphen to Finalize Green Hydrogen Agreement in May

Hyphen Hydrogen Energy and Namibia have announced an expected close to negotiations on initial hydrogen development next month, with an initial investment of €9.7 billion.

The announcement follows H.E. President Hage Geingob’s visit to Lüderitz last week, as part of a series of consultative meetings with local and industry stakeholders on Green Hydrogen projects. Once operating complete, the Hyphen project aims to generate approximately 300,000 tons of green hydrogen annually, which will be supplied to regional and global markets.

This will be achieved through a combination of 5 GW of renewable generation capacity and a 3 GW electrolyser.

“Green Hydrogen will be an important source of foreign investment and be important for the country’s energy security and transition. The government plans to use it extensively to decarbonize its own economy,” H.E. President Geingob said.

Hyphen is projected to employ around 3,000 workers and generate 15,000 construction jobs in the next four years, with 90% of these positions filled locally. By 2030, the company aims to produce 300,000 tons of hydrogen per year and generate 1.5-2 terawatt hours of surplus electricity annually when fully optimized, meeting project requirements. This surplus electricity production alone has the potential to replace 100% of Namibia’s import demand from the Southern African Power Pool (SAPP) and significantly enhance the country’s energy access.

“We are hoping to conclude negotiations and agreements in May, thereafter start implementing long-awaited dreams of the project and make it a reality,” said Namibia’s Green Hydrogen Commissioner James Mnyupe. 

Source : EnergyCapital&Power