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Hyphen, Namibia agree next phase of $10bn green hydrogen project

24th May 2023

By: Reuters

  

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Hyphen Hydrogen Energy has signed a deal with the government of Namibia for the next phase of a $10-billion green hydrogen project that will export to Europe once complete, the two parties said on Wednesday.

Hyphen, whose shareholders include Germany-headquartered Enertrag, was announced as the preferred bidder in 2021 for the project in the Namib Desert's Tsau //Khaeb National Park.

The plant will produce two-million tonnes of green ammonia a year for regional and global markets when it reaches full-scale output, which is anticipated before 2030.

Namibia, one of the world's sunniest and most sparsely populated countries, wants to harness its potential for solar and wind energy to produce green hydrogen and position itself as a renewable energy hub in Africa.

Edited by Reuters

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