• Contact Us
  • About Us
  • Advertisement
  • Privacy & Policy
Friday, July 11, 2025
SUBSCRIBE
The Brief | Namibia's Leading Business & Financial News
26 °c
Windhoek
22 ° Wed
25 ° Thu
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
Subscribe
No Result
View All Result
TB image banner 750x140
Home Companies Finance

HDF Energy secures N$179m green hydrogen funding

by editor
November 9, 2022
in Finance
48
A A
58
SHARES
965
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

You might also like

NamRA collects N$12.78 billion in first two months of financial year

BoN orders banks to cut gap between repo and lending rates

DBN secures Green Climate Fund accreditation

 The European Investment Bank has given Hydrogène de France (HDF) Energy a N$179 million (€10 million) grant to implement Namibia’s first green hydrogen power plant.

HDF Energy is developing the Renewstable® Swakopmund, which consists of an 85MW solar park and a green hydrogen production unit, with the facility expected to begin commercial operations in 2024.

The project is expected to enhance local clean electricity generation and grid supporting services, directly contributing to security of electricity supply in the country.

The new green hydrogen partnership was announced by President Dr. Hage Geingob, European Investment Bank President Dr. Werner Hoyer and EU Commission President Ursula von der Leyen during the ongoing COP27. 

“This partnership represents a concrete step in delivering Namibia’s clean energy ambition. This new investment demonstrates Namibia’s leadership in green hydrogen.” said President Geingob. 

HDF’s Director for Southern and East Africa Nicolas Lecomte said the EIB grant brings the project to financial close next year, a development which will allow construction to start.

“I would like to thank the European Investment Bank for the continuous support to the development in Swakopmund. The signature today is a key step of our longstanding engagement with the EIB for the project that takes us closer to reaching financial close in 2023 and starting construction of the first large-scale green hydrogen project in Africa.” Lecomte said.

Meanwhile, Hoyer said the EIB works with leading partners to support clean energy investment across Africa.

“I am pleased that the EIB is working closely with HDF Energy to harness Namibia’s solar and wind potential and unlock opportunities for the energy transition. Our agreement confirmed at COP27 today with HDF will help to accelerate large-scale deployment of green hydrogen infrastructure in Namibia based on proven investment in South America.”

The HDF agreement was signed by Maria Shaw-Barragan, EIB Director of lending in Africa, Caribbean, Pacific, Asia and Latin America and Nicolas Lecomte, HDF’s Director for Southern and East Africa, and witnessed by Finance Minister Ipumbu Shiimi.

The agreement between HDF Energy and the European Investment Bank was unveiled alongside the announcement of a new sovereign loan facility of close to N$9 billion (€500 million) by Ursula von der Leyen, President of the European Commission and President Geingob, to develop the Namibia’s green hydrogen sector.

author avatar
editor
See Full Bio
Tags: companies
Share23Tweet15Share4
Previous Post

Osino secures N$267.3m credit to complete Namibia land acquisition

Next Post

Cattle for slaughter dip further in September

Recommended For You

NamRA collects N$12.78 billion in first two months of financial year

by reporter
July 9, 2025
0
NamRA sees drop in illegal vehicle imports following moratorium

The Namibia Revenue Agency (NamRA) has collected N$12.78 billion in revenue between 1 April and 31 May 2025, as part of the current financial year. Of this total,...

Read moreDetails

BoN orders banks to cut gap between repo and lending rates

by reporter
July 2, 2025
0
BoN orders banks to cut gap between repo and lending rates

The Bank of Namibia (BoN) has directed all commercial banks to narrow the gap between the repo rate and lending rates by 25 basis points in two stages...

Read moreDetails

DBN secures Green Climate Fund accreditation

by reporter
July 2, 2025
0
DBN secures Green Climate Fund accreditation

The Development Bank of Namibia (DBN) has been officially accredited by the Green Climate Fund (GCF), a move expected to improve Namibia’s ability to access international climate finance....

Read moreDetails

Bank of Namibia meets incoming Bank Windhoek MD

by reporter
July 2, 2025
0
Bank of Namibia meets incoming Bank Windhoek MD

The Bank of Namibia has officially met with James Chapman, who will take over as Managing Director of Bank Windhoek in July 2025. Chapman was introduced to BoN...

Read moreDetails

Standard Bank invests N$35 million in CSI initiatives over five years

by reporter
June 30, 2025
0
Standard Bank invests N$35 million in CSI initiatives over five years

Standard Bank Namibia says it has invested more than N$35 million in Corporate Social Investment (CSI) initiatives over the past five years. The bank’s wide-ranging support spans health,...

Read moreDetails
Next Post
Cattle for slaughter dip further in September

Cattle for slaughter dip further in September

Related News

Botswana to cull 10 000 cattle to curb foot-and-mouth outbreak

Botswana to cull 10 000 cattle to curb foot-and-mouth outbreak

September 20, 2022
Northern Tannery, Nkurenkuru Garment Factory still non-operational years after inauguration

Northern Tannery, Nkurenkuru Garment Factory still non-operational years after inauguration

January 23, 2025
Your Kitchen targets 130,000 meals per year for Namibia’s mining and hospitality sectors

Your Kitchen targets 130,000 meals per year for Namibia’s mining and hospitality sectors

May 20, 2025

Browse by Category

  • Africa
  • Agriculture
  • Analysis
  • Business & Economy
  • Columnists
  • Companies
  • Finance
  • Finance
  • Fisheries
  • Green Hydrogen
  • Health
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • Namibia
  • namibia
  • News
  • Opinions
  • Property
  • Retail
  • Technology
  • Tourism
  • Trade
The Brief | Namibia's Leading Business & Financial News

The Brief is Namibia's leading daily business, finance and economic news publication.

CATEGORIES

  • Business & Economy
  • Companies
    • Agriculture
    • Finance
    • Fisheries
    • Health
    • Property
    • Retail
    • Technology
    • Tourism
    • Trade
  • Finance
  • Green Hydrogen
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • News
    • Africa
    • Namibia
  • Opinions
    • Analysis
    • Columnists

CONTACT US

Cell: +264814612969

Email: newsdesk@thebrief.com.na

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Companies
  • Mining & Energy
  • Business & Economy
  • Opinions
    • Analysis
    • Columnists
  • Africa

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.