HDF Energy and the EIB partner to implement Namibia’s first green hydrogen power plant
Updated: Dec 18, 2022
HDF Energy (Hydrogène de France SA), an AHP member and global pioneer in hydrogen power plants and high-power fuel cell manufacturer, has reached a further step in the development of the Renewstable® green hydrogen power plant in Swakopmund, by formalizing its partnership with the European Investment Bank at COP27.
HDF Energy is developing the Renewstable® Swakopmund, a Green Hydrogen power plant in Swakopmund, Namibia. Once operational, the project will enhance local clean electricity generation, 24 hours a day, 7 days a week, and grid supporting services, directly contributing to security of electricity supply in Namibia.
The new Green Hydrogen cooperation was announced between EU Commission and Government of Namibia. HDF Energy is part of the implementation supported by the EIB.
AHP believes that the use of Green Hydrogen to smooth out peaks and troughs in renewable supply to match local demand is an important use case for Green Hydrogen in Africa. The HDF solution removes intermittency and works in effect like a diesel generator.
The new green hydrogen cooperation was announced by Dr. Hage Geingob, President of the Republic of Namibia, Dr. Werner Hoyer, President of the European Investment Bank, Ursula von der Leyen, President of the European Commission.
“This partnership represents a concrete step in delivering Namibia’s clean energy ambition. This new investment demonstrates Namibia’s leadership in green hydrogen.” said Dr. Hage Geingob, President of the Republic of Namibia.
The new agreement between HDF Energy and the European Investment Bank was unveiled alongside the announcement of a new sovereign loan facility of EUR 500 million by Ursula von der Leyen, President of the European Commission and Dr. Hage Geingob, President of the Republic of Namibia to develop the green hydrogen sector in the country.