Namibia hydrogen fund secures €25m European investment
Namibia hydrogen fund secures €25m European investment
Namibia Hydrogen Fund Managers has announced a €25 million investment from the European Union.
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Namibia Hydrogen Fund Managers (Nam-H2 Fund Managers), an infrastructure fund manager headquartered in Windhoek, has announced a €25 million investment from the European Union in its flagship green hydrogen facility, SDG Namibia One Fund.
Nam-H2 Fund Managers, a joint venture co-owned by the Environmental Investment Fund (EIF), is the manager of the SDG Namibia One Fund – a $1 billion target blended finance facility designed to pioneer the green hydrogen sector and related infrastructure in Namibia. The European Commission is the third donor funder welcomed by Nam-H2 Fund Managers and SDG Namibia One following Dutch development finance institution Invest International and USAID Southern Africa Mobilizing Investment.
Mercia Geises, CEO of Nam-H2 Fund Managers said: “We are honoured to welcome the European Union as an investor in developing Namibia’s green hydrogen sector. Their contribution will catalyse substantial public and private sector investment across the value chain, accelerating our journey towards making Namibia a global player in green hydrogen.”
SDG Namibia One made its inaugural investment in December 2023, committing €23 million in development funding to Hyphen Hydrogen Energy, Namibia’s first fully vertically integrated GW-scale green hydrogen project and the largest green hydrogen production initiative in sub-Saharan Africa.
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