Hyphen Hydrogen Energy and SDG Namibia One Fund have concluded a share subscription agreement on the two million tonne per year green hydrogen and ammonia project.
Following the agreement, the fund will take up a 24% stake in the country’s green hydrogen project headed up by Hyphen, and its equity subscription will be backed by an initial €23m ($25m) development funding to the project.
Jointly managed by Climate Fund Managers (CFM), Invest International, and the Environmental Investment Fund of Namibia (EIF), SDG Namibia One seeks to raise $1bn from public and private investors in Namibia and globally.
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