Investors see risks in Africa
Project risks constrain green growth in sub-Saharan Africa
Higher country-level risk and green hydrogen project execution risks are driving up financing costs, according to the Hydrogen Council and McKinsey
Namibian President Nangolo Mbumba recently cut the ribbon on a new meteorological mast designed to gauge wind and solar energy yields at the site of the $10b Hyphen green hydrogen project. Hyphen, located in the Tsau Khaeb National Park in southwestern Namibia, is sub-Saharan Africa’s largest and only fully vertically integrated green hydrogen project. It aims to reach its first-phase capacity of 1mt/yr by 2027, with plans eventually to scale up to 2mt/yr. The project is expected to deploy 3GW of electrolyser capacity powered by 7GW of renewables. "Namibia has made great strides to become the frontrunner in green hydrogen and ammonia production. The inauguration of Hyphen's MetMasts signifie
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