Namibia and Green Hydrogen

Namibia is one of the poorest countries on Earth, with 20% of its population living on less than $2.15 per day.

That’s why the sub-Sahara nation raised some eyebrows recently when it announced that it had signed an agreement to invest $10 billion into a plant that would create green hydrogen (generated by electrolyzing water with renewable energy) and export it to wealthier countries.

There is little doubt that Namibia has close-to-ideal resources in terms of solar irradiation and high-velocity wind, as well as plenty of inexpensive real estate.  There is even less doubt that the 15,000 jobs that the project would create would be a considerable boon to their economy.

Having said that, there is a considerable gap between a letter of intent and the execution of a 10-figure Cap-Ex project.