By: Peneyambeko Jonas
SDG Namibia One Fund signed a development funding agreement with Zhero Europe for an industrial scale green ammonia project near Walvis Bay.
Announced on 19 December 2025, the fund committed up to USD 5.15 million to support feasibility and development work ahead of a final investment decision expected in 2027.
Once operational in 2030, the Zhero Molecules Walvis Bay Project is expected to produce 500,000 tonnes of green ammonia annually, cutting an estimated 1.2 million tonnes of CO₂ emissions each year. The project is also projected to create about 6,000 jobs during construction and 500 permanent positions.
Darron Johnson, Regional Head of Africa at Climate Fund Managers, said the project aligns strongly with Namibia’s ambition to build a competitive green hydrogen and ammonia industry. Zhero COO Paolo Gallieri described the funding as pivotal to the success of this venture, while EU Commissioner Jozef Síkela noted it would translate renewable energy cooperation into real industrial value for Namibia and Europe alike.