RWE Pulls Out of Namibia’s $10 Billion Green Ammonia Project, Jeopardizing Hydrogen Ambitions
RWE Exits $10B Hyphen Green Ammonia Project, Namibia’s Hydrogen Hub Plans Hit Setback German power utility RWE has withdrawn from Namibia’s $10 billion Hyphen Green Ammonia venture, delivering a major blow to the southern African nation’s aspirations to become a leading hydrogen hub. The decision highlights growing caution among energy companies toward costly investments in emerging technologies, particularly amid slower-than-expected demand for hydrogen and hydrogen derivatives in Europe. RWE had signed a preliminary, non-binding memorandum
