Namibia Enhances Policies and Funding to Boost Green Hydrogen Investments
Namibia is ramping up its policies and funding to foster green hydrogen investments, as outlined by Minister Modestus Amutse at the International Renewable Energy Agency assembly. Central to this initiative is the SDG Namibia One Fund, which aims to secure N$ 16.4 billion through long-term offtake agreements to attract private capital. Amutse highlighted the importance of addressing infrastructure gaps and developing local skills to support the country's green industrialization goals, with strategic partnerships enhancing project development.
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Namibia is intensifying policy, financial, and regulatory efforts to develop its green hydrogen sector, according to Minister of Industries, Mines and Energy, Modestus Amutse. At the International Renewable Energy Agency assembly in Abu Dhabi, he outlined strategies to attract private capital and facilitate bankable large-scale green hydrogen projects.
The SDG Namibia One Fund, targeting N$ 16.4 billion, is a key component of this strategy, focusing on long-term offtake agreements to ensure revenue certainty for investors. Addressing the challenge of converting momentum into viable projects is crucial, with long-term contracts seen as essential for justifying significant investments.
Amutse emphasized the need to address infrastructure gaps in ports, transmission lines, and water supply, while also developing local skills and manufacturing capabilities. Strategic partnerships with Germany, the EU, and other nations are supporting project development aligned with Namibia's green industrialization goals.
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