Government of Namibia has permitted a Feasibility and Implementation Agreement (FIA) to build and operate the largest green hydrogen project. The Hydrogen plant will be located in the Tsau-Khaeb National Park in the Namib Desert. Additionally, the plant will cost a total investment of $10 million. The project will be furnished with a 3 GW electrolyzer fed by 7 GW of wind and solar energy. Importantly, the plant will be capable of producing 2 million tons of green ammonia annually for regional and global markets.
Under the FIA the preliminary phase of the project will last for approximately six months. Moreover, this will allow the country to use its option to obtain up to 24% in interest in the project.
Importantly, Hyphen Hydrogen Energy will lead a two-year feasibility phase, which will be succeeded by a 120-day government validation phase. Additionally, the Project is estimated to reach its full phase output before 2030.
Expectations of the Green Hydrogen Project towards green energy migration and economic growth
Hyphen Hydrogen Energy will raise finances for the project, lead its construction and take accountability over its operation and maintenance. Additionally, the green energy supplier will also be liable for technical, financial, environmental, social and commercial delivery of the project.
Importantly, the plant is poised to decarbonize Namibia’s electrical grid and lead the country towards energy independence. Moreover, the green hydrogen project is anticipated to make the southern African country a net exporter of low-carbon energy. The project is estimated to create up to 15,000 new jobs during its construction phase and 3,000 permanent jobs during operation.
Additionally, this project will lead to development of other areas rich in wind and solar energies. These include Karas and Kunene.
