{"id":57036,"date":"2023-10-28T10:43:37","date_gmt":"2023-10-28T10:43:37","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-green-hydrogen-ambitions-get-10-billion-boost-from-dbsa-and-hyphen"},"modified":"2023-10-28T10:56:28","modified_gmt":"2023-10-28T10:56:28","slug":"namibias-green-hydrogen-ambitions-get-10-billion-boost-from-dbsa-and-hyphen","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-green-hydrogen-ambitions-get-10-billion-boost-from-dbsa-and-hyphen","title":{"rendered":"Namibia\u2019s Green Hydrogen Ambitions Get $10 Billion Boost from DBSA and Hyphen"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Namibia. <\/strong><\/span>In a groundbreaking collaboration, Hyphen Hydrogen Energy and the Development Bank of Southern Africa (DBSA) have joined forces to create a funding facility dedicated to advancing the development of Hyphen\u2019s ambitious green hydrogen project in Namibia.<\/p>\n<p>This partnership marks a significant milestone in the journey towards sustainable energy solutions, underscoring the commitment of both organizations to making a lasting impact on the green energy landscape. The Project Preparation Facility from DBSA is poised to play a pivotal role in advancing various aspects of the project, including engineering, environmental, and socio-economic development workstreams, crucial steps leading up to the final investment decision.<\/p>\n<p>The scope of this endeavour is nothing short of impressive, with a total project capital investment reaching a remarkable $10 billion, an amount roughly equivalent to Namibia\u2019s annual Gross Domestic Product (GDP). This colossal investment signifies the scale and importance of the project in the pursuit of sustainable and environmentally friendly energy production.<\/p>\n<p>Upon reaching full-scale development, anticipated before the end of this decade, the green hydrogen project promises to deliver an annual production capacity of 2 million tons of green ammonia. This ammonia will be destined for regional and global markets, representing a significant stride in meeting the world\u2019s increasing demand for clean and renewable energy sources. Furthermore, it envisions employing a substantial workforce of 15,000 individuals during the construction phase, with 3,000 permanent employees once the project is fully operational.<\/p>\n<p>Marco Raffinetti, CEO of Hyphen Hydrogen Energy, expressed his enthusiasm for the project\u2019s potential impact on the Southern Africa region and the global green hydrogen race. He emphasized the critical role of the region in leveraging its renewable resources and contributing to the financing of the global energy transition. Raffinetti also commended the DBSA\u2019s unwavering belief in the Hyphen project, highlighting the organizations\u2019 shared commitment to delivering sustainable and responsible energy solutions.<\/p>\n<p>Notably, Hyphen Hydrogen Energy, a joint venture between Nicholas Holdings Limited and ENERTRAG SE, was appointed by the Namibian government as the preferred bidder to develop the country\u2019s first green hydrogen project for export. This designation underscores the government\u2019s recognition of the pivotal role green hydrogen plays in shaping a cleaner and more sustainable future.<\/p>\n<p>One potential destination for the Namibian-produced ammonia is a terminal for green ammonia in Brunsbu\u0308ttel, Germany. This terminal, spearheaded by RWE, is set to be completed by 2026, further illustrating the global reach and significance of the project.<\/p>\n<p>In addition to the collaboration with the DBSA, Hyphen Hydrogen Energy has taken a proactive step in ensuring the project\u2019s success by signing a partnership agreement with ILF Consulting Engineers. Under this agreement, ILF will provide essential project management services and technical expertise to drive the Hyphen project in Namibia. Furthermore, it will offer valuable procurement and contract advice, ensuring the project remains on a path of success. ILF\u2019s expertise extends to supporting Hyphen\u2019s socio-economic development goals, emphasizing the project\u2019s commitment to fostering positive change within the community.<\/p>\n<p>In conclusion, the partnership between Hyphen Hydrogen Energy and the DBSA, along with the collaboration with ILF Consulting Engineers, underscores the commitment to advancing sustainable energy solutions and bringing about a significant shift in the green energy landscape. The Namibian green hydrogen project is not just a local endeavor but a testament to global efforts to harness the power of green hydrogen in a cleaner and more sustainable future.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/namibia\">Namibia<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Namibia. In a groundbreaking collaboration, Hyphen Hydrogen Energy and the Development Bank of Southern Africa (DBSA) have joined forces to create a funding facility dedicated to advancing the development of Hyphen\u2019s ambitious green hydrogen project in Namibia. This partnership marks a significant milestone in the journey towards sustainable energy solutions, underscoring the commitment [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":57035,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,236,233],"class_list":["post-57036","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":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Namibia\u2019s Green Hydrogen Ambitions Get $10 Billion Boost from DBSA and Hyphen - Namibia<\/title>\n<meta name=\"description\" content=\"In a groundbreaking collaboration, Hyphen Hydrogen Energy and the Development Bank of Southern Africa (DBSA) have joined ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-green-hydrogen-ambitions-get-10-billion-boost-from-dbsa-and-hyphen\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Namibia\u2019s Green Hydrogen Ambitions Get $10 Billion Boost from DBSA and Hyphen\" \/>\n<meta property=\"og:description\" content=\"In a groundbreaking collaboration, Hyphen Hydrogen Energy and the Development Bank of Southern Africa (DBSA) have joined ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-green-hydrogen-ambitions-get-10-billion-boost-from-dbsa-and-hyphen\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-28T10:43:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-28T10:56:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/10\/sm_1698477920.912712.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"405\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-green-hydrogen-ambitions-get-10-billion-boost-from-dbsa-and-hyphen#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-green-hydrogen-ambitions-get-10-billion-boost-from-dbsa-and-hyphen\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Namibia\u2019s Green Hydrogen Ambitions Get $10 Billion Boost from DBSA and Hyphen\",\"datePublished\":\"2023-10-28T10:43:37+00:00\",\"dateModified\":\"2023-10-28T10:56:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-green-hydrogen-ambitions-get-10-billion-boost-from-dbsa-and-hyphen\"},\"wordCount\":586,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-green-hydrogen-ambitions-get-10-billion-boost-from-dbsa-and-hyphen#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/10\/sm_1698477920.912712.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-green-hydrogen-ambitions-get-10-billion-boost-from-dbsa-and-hyphen#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-green-hydrogen-ambitions-get-10-billion-boost-from-dbsa-and-hyphen\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-green-hydrogen-ambitions-get-10-billion-boost-from-dbsa-and-hyphen\",\"name\":\"Namibia\u2019s Green Hydrogen Ambitions Get $10 Billion Boost from DBSA and Hyphen - 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