Namibia needs N$980bn for green hydrogen

Namibia&#039;s future industrialisation with green hydrogen requires almost US$15 billion (N$267 billion) for the development of important infrastructure and a further US$40 billion (N$713 billion) for investments in the green industry itself.This is contained in a document by the Namibian government and its green hydrogen programme, led by James Mnyupe, which was published online this week. However, securing these funds depends on innovative financing methods and effective public-private partnerships, according to the ‘Blueprint for Namibia&#039;s green industrialisation’.The document envisages infrastructure expansion such as railway and port facilities worth around US$15 billion (N$274.9 billion), including a southern port and a northern port - in Walvis Bay as well as the new Angra port near Lüderitz. “Investments of US$4 billion [N$73.3 billion] are planned over the next five years, coming from the public-private and development finance sectors,” the document read.Billion-dollar plantThe green hydrogen industrial plant near Lüderitz is estimated to cost US$10 billion (N$183.2 billion) and green manufacturing – electrolysis, wind turbines and solar panels, as well as a glass factory for flat glass – is estimated to have an investment expenditure of US$30 billion (N$549.7 billion). This sum also includes a lithium refinery and a lithium battery factory in Walvis Bay. This further includes the production of synthetic fuels, including aviation fuel “for export to Europe”.“Namibia needs to significantly increase foreign direct investment (FDI), which currently stands at US$6.3 billion [N$115.4 billion], especially in the areas of mining, tourism and agriculture. While bankable projects will attract funds, this represents a five-fold increase in the total FDI stock,” the report read.Walvis Bay has the best prospects of becoming an important regional logistics hub. The container port is to be enlarged to become the new southern port. The port there needs to be dredged for US$42.5 million (N$778.8 million) and US$53 million (N$971.2 million) is to be invested in new port upgrades, according to the blueprint.

Namibia needs N$980bn for green hydrogen

Comments

Namibian Sun 2025-10-31

Please login to leave a comment

Namibia needs N$980bn for green hydrogen

Comments

Namibian Sun 2025-10-31

Please login to leave a comment

Subscription Required to Access Content ×

Login

Subscription Required to Access Content