{"id":33518,"date":"2022-11-10T17:23:39","date_gmt":"2022-11-10T17:23:39","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/swakop-set-for-n3bn-clean-energy-plant"},"modified":"2022-11-10T17:39:24","modified_gmt":"2022-11-10T17:39:24","slug":"swakop-set-for-n3bn-clean-energy-plant","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/swakop-set-for-n3bn-clean-energy-plant","title":{"rendered":"Swakop set for N$3bn clean energy plant"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>The construction of a 90-megawatt power plant, worth N$3 billion, will commence in Swakopmund in early 2023. A new partnership between European Investment Bank (EIB) and Hydroge\u0300ne de France SA (HDF Energy) will see the development of a green hydrogen power plant at the coast.<\/p>\n

Once operational, the Renewable Swakopmund project will generate clean electricity, 24 hours a day, seven days a week, directly contributing to the security of the electricity supply in Namibia.<\/p>\n

While the country\u2019s generation mix utilises primarily hydropower, the majority of electricity is imported (about 60% of the total electrical energy requirement), primarily through bilateral contracts from South Africa\u2019s state-owned Eskom and to a lesser extent, the Southern Africa Power Pool (SAPP). Namibia has long relied on Eskom, but that country\u2019s economy has put strains on its domestic electricity generation capacity and, thus, its ability to export.<\/p>\n

Namibia has a power purchase agreement with Eskom, which expires in 2025.<\/p>\n

The country\u2019s peak demand is over 600 MW. President Hage Geingob; Werner Hoyer, president of the European Investment Bank and Ursula von der Leyen, president of the European Commission, announced the new green hydrogen cooperation at the Namibian pavilion COP27. The agreement was unveiled alongside the announcement of a new sovereign loan facility of 500 million euros by Von der Leyen to develop the green hydrogen sector in the country.<\/p>\n

\u201cThis partnership represents a concrete step in delivering Namibia\u2019s clean energy ambition. This new investment demonstrates Namibia\u2019s leadership in green hydrogen,\u201d said Geingob. \u201cThe European Investment Bank 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\u2019s solar and wind potential, and unlock opportunities for the energy transition,\u201d said Hoyer.<\/p>\n

He added: \u201cOur agreement confirmed at COP27 with HDF will help to accelerate large-scale deployment of green hydrogen infrastructure in Namibia, based on proven investment in South America\u201d.<\/p>\n

The construction of Africa\u2019s first solar-green hydrogen power plant in Namibia will begin in the first quarter of 2023, according to a senior regional government official. Councillor Wilfried Groenewald from the Swakopmund municipality said this week that HDF Energy has already secured land, measuring 400 hectares east of the town, famed for its clean beaches and German colonial architecture.<\/p>\n

\u201cGovernment has already given the French company its blessings to go ahead with the project,\u201d he said. This will see about 90MW of solar panels powering electrolysers to produce hydrogen that can be stored.<\/p>\n

Namibia is one of the world\u2019s sunniest and least densely populated countries. The country wants to harness its vast potential for solar and wind energy to produce green hydrogen and position itself as a renewable energy hub in Africa. HDF Energy is a global pioneer in hydrogen energy. HDF develops, finances and operates multimegawatts Hydrogen-Power plants.<\/p>\n

These plants provide continuous or on-demand electricity from renewable energy sources (wind or solar), combined with high-power fuel cells supplied by HDF.<\/p>\n

For More News And Analysis About Namibia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Namibia. The construction of a 90-megawatt power plant, worth N$3 billion, will commence in Swakopmund in early 2023. A new partnership between European Investment Bank (EIB) and Hydroge\u0300ne de France SA (HDF Energy) will see the development of a green hydrogen power plant at the coast. Once operational, the Renewable Swakopmund project will […]<\/p>\n","protected":false},"author":84,"featured_media":33517,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,236,233],"class_list":["post-33518","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nSwakop set for N$3bn clean energy plant - Namibia<\/title>\n<meta name=\"description\" content=\"The construction of a 90-megawatt power plant, worth N$3 billion, will commence in Swakopmund in early 2023. 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