Climate Fund Managers completes acquisition of stake in Hyphen Hydrogen Energy
Climate Fund Managers has completed the acquisition of a 24% equity stake in Hyphen Hydrogen Energy.
** For the best experience, download the free Africa Private Equity News app Android | iOS **
Climate Fund Managers (CFM) has completed the acquisition of a 24% equity stake in Hyphen Hydrogen Energy through its SDG Namibia One Fund (also known as Climate Investor Three Namibia).
SDG Namibia One is a $1 billion target blended finance fund managed by Nam-H2 Fund Managers, its joint venture with the Environmental Investment Fund of Namibia and Invest International, to support the growth of Namibia’s green hydrogen sector and its enabling infrastructure.
Hyphen is Namibia’s first fully vertically integrated GW-scale green hydrogen project and the largest green hydrogen production project in sub-Saharan Africa. Upon completion, it will produce 2 million tonnes of green ammonia annually from ~7GW of renewable energy generation capacity and ~3GW of electrolyser capacity.
Stay ahead in Africa's private equity and venture capital sector with Africa Private Equity News’ monthly Dealmaker’s Log – a database of reported investment deals, exits, and fundraising closes. Subscribe here