German, Namibia in N$700m hydrogen partnership Featured

August 04, 2021

German’s Federal Research Minister Anja Karliczek and Director General of the National Planning Commission Obeth Kandjoze have signed a Joint Communiqué of Intent to establish a German- Namibian hydrogen partnership, of which N$700 million in funding will be provided for cooperation within the framework of the partnership.

“The global race for the best hydrogen technologies and the best sites for hydrogen production is already on. We believe that Namibia has an excellent chance of succeeding in this competition. We want to take this chance together. I am proud that Germany is the first country to officially form a hydrogen partnership with Namibia. The Federal Research Ministry will provide up to 40 million euros in funding from the economic stimulus package for cooperation within the framework of this partnership,” Karliczek said.

“Namibia has enormous potential for scaling up a green hydrogen industry. It has a lot of vast unused space. High wind speeds in Namibia mean that the generation of wind power is particularly profitable. Solar power harbours an even greater potential thanks to over 3,500 hours of sunshine per year.”

Namibia is banking on green hydrogen to attract more than US$6 billion in foreign direct investment (FDI) which is anticipated to generate annual revenues in excess of US$800 million.

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Last modified on Monday, 06 September 2021 13:35