Business / Economics

EU commits N$495 million to Namibia’s hydrogen infrastructure

today5 September, 2024

Background

The European Union has announced a contribution of 25 million euros, approximately N$495 million, to support infrastructure investments for Namibia’s green hydrogen agenda. The announcement was made by European Commissioner for Energy, Kadri Simson, during the Global African Hydrogen Summit in Windhoek.

 

 

Separately, speaking at the summit, Vice President Netumbo Nandi-Ndaitwah pointed to the country’s rich deposits of minerals essential for clean technologies, alongside its abundant wind and solar resources, as factors that position Namibia as a prime location for emerging sustainable industries.

 

Written by: Tonata Kadhila