Namibia agrees to take up 24% stake in $10bn green hydrogen project

The Namibian government has confirmed that it will take up a 24% equity stake in a $10-billion green hydrogen project being developed in the Tsau //Khaeb National Park, near Lüderitz. Finance Minister Iipumbu Shiimi said the decision to take up the position in the project, the investment value of which is almost equivalent to the country’s gross domestic product, followed on from the finalisation of agreements for the establishment of SDG Namibia One.