Financial advisor to the Namibian government for the procurement of a green hydrogen project

The Government of Namibia is procuring a utility scale green hydrogen project in which a Grid Advisors team member acted as financial advisor to ensure appropriate risk allocation and commercial structuring through a joint development agreement targeting a bankable and investable project. Funding sources including DFIs, ECAs, commercial banks and multilateral equity were assessed and targeted on the back of climate mitigation, and risk allocations against climate and commercial risks were optimised to allow for a deliverable project. COP27 was a landmark occasion for the project, whereby equity and offtake commitments, including from H2Global and private renewable energy developers were signed.