Hyphen Hydrogen Energy, the Namibia Green hydrogen project bid winner , will pay N$100 million ($6.3 million) in concession fees. President Geingob stated in his New Year’s address that this would bring immediate assistance to Namibia’s budget. According to him, the government has a vision of a synthetic fuels sector, which translates into immediate foreign direct investment flows.
Also Read:Â 3 more Namcor fuel facilities proposed in Namibia
In November 2021, the Namibian government chose Hyphen Hydrogen Energy as their preferred bidder. The projected $9.4 billion project would be situated in the Tsau Khaeb National Park in the southwest. Green hydrogen would be produced at a rate of 300,000 tonnes per year. Hyphen Hydrogen Energy plans to start generating in 2026 from its initial 2 GW phase, which will cost $4.4 billion. In the late 2020s, the expansion will bring renewable energy capacity to 5 GW and electrolyser capacity to 3 GW. In March of last year, Namibia announced its Harambee Prosperity Plan II. This established the goal of developing a large-scale, low-cost renewable energy development to manufacture green ammonia, among other things.
Hyphen Hydrogen Energy Project and Economic Return
In his New Year’s message, Geingob stated that the prosperity plan aimed to relaunch Namibia’s economic recovery and growth, as well as create constructive jobs for our people, particularly the jobless youth. During development, Hyphen Hydrogen Energy claims the project will generate roughly 15,000 direct employment. It would employ roughly 3,000 people during operations. More than 90% of these occupations would be occupied by Namibians.
Green hydrogen was considered at the United Nations in September and COP26 in November, according to the president. Geingob boasted that he had made considerable strides in promoting the country’s potential. According to the president, this new business would increase the country’s renewable energy footprint, resulting in competitive power pricing. Early this year, Namibia is scheduled to issue a call for a proposal for a second green hydrogen project.
Hyphen Hydrogen Energy, Namibia’s selected hydrogen bidder, will pay N$100 million ($6.3 million) in concession fees. President Geingob stated in his New Year’s address that this would bring immediate assistance to Namibia’s budget. According to him, the government has a vision of a synthetic fuels sector, which translates into immediate foreign direct investment flows.
Also Read:Â 3 more Namcor fuel facilities proposed in Namibia
In November 2021, the Namibian government chose Hyphen Hydrogen Energy as their preferred bidder. The projected $9.4 billion project would be situated in the Tsau Khaeb National Park in the southwest. Green hydrogen would be produced at a rate of 300,000 tonnes per year. Hyphen Hydrogen Energy plans to start generating in 2026 from its initial 2 GW phase, which will cost $4.4 billion. In the late 2020s, the expansion will bring renewable energy capacity to 5 GW and electrolyser capacity to 3 GW. In March of last year, Namibia announced its Harambee Prosperity Plan II. This established the goal of developing a large-scale, low-cost renewable energy development to manufacture green ammonia, among other things.
Hyphen Hydrogen Energy Project and Economic Return
In his New Year’s message, Geingob stated that the prosperity plan aimed to relaunch Namibia’s economic recovery and growth, as well as create constructive jobs for our people, particularly the jobless youth. During development, Hyphen Hydrogen Energy claims the project will generate roughly 15,000 direct employment. It would employ roughly 3,000 people during operations. More than 90% of these occupations would be occupied by Namibians.
Green hydrogen was considered at the United Nations in September and COP26 in November, according to the president. Geingob boasted that he had made considerable strides in promoting the country’s potential. According to the president, this new business would increase the country’s renewable energy footprint, resulting in competitive power pricing. Early this year, Namibia is scheduled to issue a call for a proposal for a second green hydrogen project.
November 2021 Namibian Hydrogen Project bidder announced
The Namibian government has announced a $9.4 billion green hydrogen project to be created near the seaside town of Luderitz in southern Namibia.
Namibia stated that HYPHEN had been chosen as the preferred bidder to create a vertically integrated plant capable of producing 300 000 t/y of green hydrogen and green ammonia for export into regional and worldwide markets from 2026 onwards, after a competitive bidding procedure.
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HYPHEN will have the right to construct and operate the project for a 40-year term after the feasibility study is completed and the project reaches financial close.
Hyphen wins Namibia’s green hydrogen project
On November 4, Presidential Economic Advisor James Mnyupe stated the project was strongly connected with the Namibian government’s strategy for green hydrogen and the Karas area in southern Namibia during a ceremony organized at the COP26 Commonwealth Pavilion.
While a significant focus will be on exporting to Europe, Mnyupe stated that there was also the possibility of selling part of the products to neighboring nations to take advantage of our leaders’ ambition for the African Continental Free Trade Area.
The first $4.4 billion phases of the project, according to HYPHEN CEO Marco Raffinetti, would include the construction of 2 GW of renewable-electricity production capacity and electrolyzer capacity to create green hydrogen for conversion into green conversion ammonia.
The project will employ desalinated water, some of which will be distributed to surrounding Luderitz settlements.
In the late 2020s, additional growth stages would bring the overall investment value to $9.4 billion, almost matching Namibia’s current gross domestic product.
According to HYPHEN director Dr. Tobias Bischof-Niemz, who is also the CEO of ENERTRAG South Africa, the investment represents a “milestone” in Namibia’s desire to become a major international producer of green hydrogen.
The integrated complex, once completed, will have a renewables generating capacity of 5 GW and a 3 GW electrolyzer capacity, with surplus energy capacity to be supplied into the Namibian grid and perhaps into the regional power pool.
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