Hyphen Chief Executive Officer Marco Raffinettisaidthe visit underscored strong partnership between company and government
Source
“Hyphen Chief Executive Officer Marco Raffinetti said the visit underscored the strong partnership between the company and government, as well as a shared commitment to delivering a transformative project for Namibia.”
Marco Raffinettiaddedpartnership reflects commitment to positioning Namibian businesses to benefit from green hydrogen economy
Source
“Marco Raffinetti, CEO of Hyphen Hydrogen Energy, added that this partnership reflects their commitment to ensuring that Namibian businesses are not only included, but are meaningfully positioned to participate in and benefit from the green hydrogen economy.”
Hyphen Hydrogen Energy CEO Marco Raffinettistressedthat real prize lies in network of suppliers and support industries
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“He said projects like Secunda show the scale of operations possible, but stressed that the real prize lies in the network of suppliers and support industries behind them.”
Hyphen Hydrogen Energy chief executive Marco RaffinettisaidAfDB's approval represents strong confidence in Hyphen's project
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“"The African Development Bank's approval of this pre-investment facility represents a strong vote of confidence in Hyphen's project and in the broad ambitions of Namibia to develop one of the world's most transformative green hydrogen projects," Hyphen Hydrogen Energy chief executive Marco Raffinetti says.”
Hyphen chief executive Marco Raffinettisayswind and solar energy measurement process poised to revolutionise project's ability to accurately model energy yield
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“Hyphen chief executive Marco Raffinetti says the wind and solar energy measurement process is poised to revolutionise the project's ability to accurately model wind and solar energy yield, thereby enhancing the project's bankability.”
Hyphen chief executive Marco Raffinettisaysthe letter reflects the crucial role projects like Hyphen would play in decarbonising heavy industry
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“"The letter reflects the crucial role projects like ours would play in decarbonising heavy industry in Europe and beyond, and the leading role Germany is playing in driving forward global decarbonisation," Hyphen chief executive Marco Raffinetti says.”
Marco Raffinettisayscompany committed to establishing global benchmark for sustainable development
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“Hyphen's chief executive, Marco Raffinetti, says the company is committed to establishing a new global benchmark for sustainable and fair development in large-scale green hydrogen projects through its collaboration with the government.”
Marco Raffinettisaidcollaboration with African lending institutions critical to project success
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“Hyphen Hydrogen Energy chief Marco Raffinetti said this agreement is in line with a major theme at this year's climate conference – international collaboration.”
Agriculture minister Inge Zaamwani says the Hyphen Green Hydrogen Project near Lüderitz could provide desalinated water to support farming in water-stressed Aus and enable a green scheme in the area, while also delivering wider economic benefits and requiring sector-wide adjustments.
Why it matters
The Hyphen hydrogen project could deliver desalinated water and farming opportunities to water-stressed Aus while driving green energy development.
Agriculture minister Inge Zaamwani says the Hyphen Green Hydrogen Project near Lüderitz could provide desalinated water to support farming in water-stressed Aus and enable a green scheme in the area, while also delivering wider economic benefits and requiring sector-wide adjustments.
Vice President Lucia Witbooi visited the Hyphen green hydrogen project in Lüderitz to reaffirm government support for the initiative and highlight its role in economic transformation, job creation, and sustainable development. The project is structured as a public-private partnership with government holding a 24% stake under a concession agreement signed in June 2023.
Hyphen Hydrogen Energy, partnering with Enertrag and GIZ, will sign a cooperation agreement under the International Hydrogen Ramp-up Programme to strengthen Namibian supplier capacity in the green hydrogen sector. The initiative, funded by EUR 300,000 from H2UPPP and EUR 300,000 from Hyphen, will implement an Enterprise and Supplier Development Programme to build capability and competitiveness of Namibian enterprises.
Hyphen Hydrogen Energy, Enertrag and GIZ signed an agreement to support Namibian suppliers in the green hydrogen value chain through an Enterprise and Supplier Development Programme. The partnership aims to strengthen local capacity and participation, with over €40 million committed to Namibian projects and focus on building domestic industries, creating jobs, and increasing processed exports rather than raw material exports.
The African Development Bank has approved a US$10 million loan to Hyphen Hydrogen Energy for detailed engineering studies on Namibia's green hydrogen and ammonia project near Lüderitz, a development that could create 15,000 construction jobs and 3,000 permanent positions while producing up to two million tonnes of green ammonia annually for export.