US EditionAfrican Development Bank Approves $10 Million to catalyse Namibia’s Large Green Hydrogen Project
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6 Articles
While one of its main potential customers has withdrawn, Hyphen receives €8.5 million from the AfDB for technical studies of one of Namibia's largest green hydrogen projects. A welcome signal in a context where European demand is growing at a slower pace than expected.
AfDB Approves $10 Million Loan for Namibia’s $10 Billion Green Hydrogen Project
The African Development Bank (AfDB) has approved a $10 million loan to Hyphen Hydrogen Energy, a Namibian green hydrogen developer, to support a $10 billion green ammonia project that aims to position Namibia as a global pioneer in the green hydrogen economy. The loan, sourced from the Sustainable Energy Fund for Africa (SEFA), will finance front-end engineering design studies for solar and wind generation, battery energy storage, electrolyser c…
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