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Namibia secures $56 million for green hydrogen

By , based on Windhoek Observer

Namibia secures $56 million for green hydrogenIllustrative image · Ömer Gülen · Pexels · Licence Pexels

Namibia will receive $56 million from the Green Climate Fund, around 940 million Namibian dollars, to support projects linked to green hydrogen and industrial decarbonisation. The sum is part of a $140 million package approved for a regional financing facility, according to the Green Climate Fund.

Namibia will receive $56 million from the Green Climate Fund to finance green hydrogen projects and associated industrial activities, according to the Windhoek Observer. The funding includes $15 million for project preparation and $41 million to support construction through the SDG Namibia One Fund.

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