The European Fee has rolled out a funding package deal to help the deployment of fresh hydrogen and renewable energy in Namibia.
The package deal consists of three agreements signed as a part of Power Commissioner Kadri Simson’s tour of Namibia and South Africa, throughout which she additionally attended the International African Hydrogen Summit.
The EU pledged to contribute EUR 50 million ($55.1 million) to the 2 international locations’ inexperienced hydrogen funding funds. “Funding will particularly goal non-public sector initiatives throughout the hydrogen worth chain, such because the manufacturing, transportation and storage, in addition to downstream industries”, Simson mentioned in remarks for the signing ceremony, in accordance with an official transcript.
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In one other settlement, the EU and Germany will contribute EUR 2.7 million ($3 million) to Namibia’s Mines and Power Ministry. The quantity will assist the ministry in vitality planning and “assist Namibia to develop its renewable technology capability and enhance entry, by creating alternatives for decentralized renewable vitality options in distant areas”, Simson mentioned.
A 3rd settlement secures EUR 1.2 million ($1.3 million) in grants for the Namibia Inexperienced Hydrogen Program, with help from Germany and the Netherlands. “This can be sure that the inexperienced hydrogen sector is steered and controlled by an efficient help mechanism”, the Commissioner mentioned.
“This package deal is International Gateway in motion – it can put money into onerous infrastructure in addition to the enabling regulatory and coverage setting”, she mentioned.
International Gateway is an EU funding package deal launched 2021 to spur cooperation in numerous areas together with vitality, transport, healthcare and schooling. Between 2021 and 2027 the EU plans to take a position EUR 300 billion ($330.5 billion) beneath International Gateway.
The just lately introduced help for Namibia follows final yr’s endorsement by either side of a roadmap on an EU-Namibia partnership on sustainable uncooked supplies worth chains and renewable hydrogen. The companions made the endorsement in the course of the inaugural International Gateway discussion board, with the EU committing EUR 1 billion ($1.1 billion) in investments for Namibia beneath the partnership.
The endorsed roadmap contains “mobilizing funding for tender and onerous infrastructure, together with for chosen mining, refining and mineral inexperienced processing initiatives (water, rail, renewable vitality) and for the improve of most important transport corridors (port, rail, roads)”, mentioned a press release by the European Fee October 24, 2023.
The roadmap additionally covers “regulatory alignment, together with supporting Namibia in creating a nationwide technique for important uncooked supplies and enacting an artificial fuels act to create an enabling setting for hydrogen and artificial fuels trade, and guarantee compatibility with worldwide inexperienced fuels, certification and requirements”, the Fee mentioned then.
“The EU must safe a sustainable provide of uncooked supplies, particularly important uncooked supplies, as a vital prerequisite for delivering on inexperienced and clear vitality targets”, it mentioned.
To contact the writer, e mail jov.onsat@rigzone.com
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