EU to Pump N$20B Into Namibia's Green Hydrogen, Raw Materials Sectors
Source: www.gulfoilandgas.com 10/30/2023, Location: Africa
The European Union (EU) has pledged a significant N$20 billion investment in Namibia's green hydrogen and raw materials sector.
This commitment was announced by EU Commission president Ursula von der Leyen during the EU-Namibia business forum on Wednesday in Brussels, Belgium.
Highlighting Namibia's vast potential in renewable energy, Von der Leyen described the country as a leader in the green hydrogen domain.
"The EU is proud to be a partner in this transformative journey towards green industrialisation. Together we can further decarbonise our economies, create jobs and ensure a more prosperous and greener future for our societies," Von der Leyen said.
Speaking at the announcement of the partnership, president Hage Geingob acknowledged the country's exceptional renewable energy resources as the foundation for establishing a sustainable and influential green industrial sector.