The project called Swakopmund aims to be ambitious both in terms of financial capacity and production. A total of $181 million will be invested in this project. 85 megawatts (MW) of solar panels will power electrolysers to produce large quantities of green hydrogen. The objective set by HDF Energy is to produce 142 GWh, enough to supply 142,000 inhabitants. Local production that would allow Namibia to be more energy independent. Currently, the country is forced to import 40% of its electricity from South Africa.
Other ongoing projects
HDF Energy is not the only entity with projects in the country. Hyphen Hydrogen Energy is also in discussions with the Namibian government to create an even bigger plant. This company wants to invest 10 billion dollars to produce 350,000 tons of green hydrogen per year by 2030.
The European Union also plans to create a partnership with Namibia to support the green hydrogen production project in the country and organize future imports to the old continent.