The African Development Bank (AfDB) has approved a $10m loan to Hyphen Hydrogen Energy, a Namibian green hydrogen development company, to support the development of a green ammonia project.
The loan, sourced from the Sustainable Energy Fund for Africa (SEFA), is timely after at the end of September, citing slower than expected demand in Europe for hydrogen and derivatives such as ammonia.
The funding will support front-end engineering design studies for solar and wind generation, battery energy storage systems, and electrolyser capacity and desalination infrastructure, thereby de-risking the project and attracting the financing required for its realisation. The project aims to achieve final investment decision in the first half of 2026.
SEFA is a multi-donor Special Fund that provides catalytic finance to unlock private sector investments in renewable energy and energy efficiency.
… to continue reading this article and more, please login, register for free, or consider subscribing to gasworld
You’ve reached your weekly limit to access free articles!
Want to keep reading?
Please register for free and create a profile to gain access to this full article and gasworld’s daily news.
For access to more content including our monthly digital magazines, subscriber-only features or columns and all our other gasworld archives, please consider subscribing.
Alternatively, you can continue reading more articles as a guest on Wednesday, 17th December at 5:28PM
