Namibia's Green Hydrogen Sector Thrives with Transformative Investments
Key Ideas
- Namibia's green hydrogen sector attracts N$2.08 billion in transformative investments, with over 800 Namibians employed in pilot projects.
- Approximately N$170 million directed to local SMEs, showcasing progress in value chain localisation and inclusive growth.
- Global African Hydrogen Summit in Windhoek focuses on 'Ambition in Action', emphasizing green industrial revolution and inclusive participation.
- Partnerships with finance ministry secure access to Climate Investment Fund for green projects, aligning with National Development Plan 6 priorities.
Namibia's Green Hydrogen Commissioner, James Mnyupe, announced significant progress in the country's green hydrogen sector, with over N$2.08 billion already invested in transformative projects. The sector has provided employment to over 800 Namibians and directed close to N$170 million to local SMEs, indicating a positive trend towards localisation and inclusive growth. The Global African Hydrogen Summit, recently launched in Windhoek, aims to fuel Africa's green industrial revolution, with a focus on ambitious actions. The summit, scheduled from 9 to 11 September, builds on the success of last year's event, which saw broad participation from stakeholders across the continent. Through strategic partnerships with the finance ministry, the NGH2P has secured access to the Climate Investment Fund, supporting green projects aligning with the National Development Plan 6. The summit aims for inclusivity by involving youth voices, local SMEs, and academic stakeholders, highlighting the importance of a collective effort for a just energy transition. The commitment to green hydrogen as a driver for inclusive growth, industrial development, and Africa's emergence in manufacturing and energy is evident, positioning Namibia as a hub of action in the green energy space.
Topics
Africa
Investment
Energy Transition
Partnerships
Employment
Youth Engagement
Summit
Inclusive Growth
Localisation
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