The Namibian Government considers green hydrogen as an emerging market opportunity with the potential to spur national and regional economic growth. As such, the government is currently focused on stimulating and developing various relationships to support the green hydrogen industry.
According to ESMAP and the World Bank, Namibia has an offshore wind resource potential of over 720 GW of both Fixed (19 GW) and Floating (701 GW) turbines. Preliminary market estimates note that at scale, the //Kharas Region stands to absorb potential FDI of US$6 billion, produce 2 million tons of Ammonia, generate in excess of $800 million in revenue p.a. and house generation assets of 5GW with the capability to produce power at less than 3 US cents/ kWh. Such an investment would require various partnerships. An updated in-depth All of Country Analysis will now be conducted during the crafting of the Nation’s upcoming synthetic fuels strategy.
Below is a summary of potential partnership areas the Government is welcoming through SDG Namibia One:
