AfDB approves $10m loan to support Hyphen’s Namibian green ammonia project

The African Development Bank (AfDB) has approved a $10-million loan to support the development of Hyphen Hydrogen Energy’s $10-billion green ammonia project, in Namibia. The loan, sourced from the Sustainable Energy Fund for Africa, will support front-end engineering and design studies for solar and wind generation, battery energy storage systems and electrolyser capacity and desalination infrastructure, thereby derisking the project and attracting the financing needed to implement the project …