Kelp farm project, Namibia
Name of the Project
Kelp farm project.
Location
The project is located close to Lüderitz, in Namibia.
Project Owner/s
The project is a partnership between Climate Investor Two (CI2) – managed by Climate Fund Managers – Kelp Blue and the Namibia Infrastructure Development and Investment Fund (NIDIF), managed by Eos Capital.
Project Description
The project involves the commercial development of the world’s first large-scale kelp farm.
Potential Job Creation
The project is expected to create employment opportunities in coastal communities and contribute to economic growth in outlying areas.
Capital Expenditure
The project involves an investment of about $60-million over five years, which will be funded by international and local Namibian sources through CI2 and NIDIF, pending investment approvals.
Planned Start/End Date
Not stated.
Latest Developments
Kelp Blue plans to attain the necessary Namibian regulatory approvals for the project and will liaise closely with local authorities.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Climate Fund Managers, tel +31 (0)70 204 5205 or email info@climatefundmanagers.com.
Kelp Blue, tel +31 6 4891 73 91 or email info@kelp.blue.
Eos Capital, tel +264 61304400 or email admin@eoscapital.com.na.
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