Cleanergy Solutions Namibia, a key player in the country’s green energy sector, is set to become wholly owned by a subsidiary of CMB.TECH, H₂Infra NV, after the Ohlthaver & List (O&L) Group of Companies announced its intention to sell its controlling stake.
The O&L Group is acquiring the 51% shareholding in Cleanergy Solutions Namibia currently held by H₂Infra NV. The acquisition is subject to final regulatory approval by the Namibian Competition Commission (NACC).
According to O&L, CMB.TECH, a global leader in clean fuel and hydrogen technologies, is ideally positioned to steer Cleanergy into its next growth phase, bringing world-class expertise, innovation, and investment capacity to strengthen the company’s contribution to Namibia’s sustainable energy landscape.
“As O&L, we are immensely proud of our role in co-founding Cleanergy and laying the cornerstone of Namibia’s green hydrogen future,” said Sven Thieme, Executive Chairman of the O&L Group.
“This milestone reflects our longstanding purpose of creating a future where we enhance life and our commitment to pioneering industries that empower Namibia’s economy and enable sustainable, future-ready opportunities.”
Cleanergy marked a historic step in the country’s journey to developing green developing a green hydrogen economy. As a founding shareholder, O&L played a pivotal role in conceptualising, developing, and commissioning the Hydrogen Dune pilot project in Walvis Bay, a first for Namibia and the region.
Commenting on the transition, a spokesperson for CMB.TECH expressed appreciation to O&L for their foundational contributions and collaborative spirit throughout the joint venture. “Together, we successfully delivered Namibia’s first public green hydrogen refuelling station – a landmark achievement that demonstrates the power of partnership and innovation.”
“As we assume full ownership, we want to reassure all stakeholders that Cleanergy’s plans and projects will continue as planned. Our commitment to local impact, environmental responsibility, and innovation remains unwavering. With a growing team of employees, we are eagerly looking forward to the next project phases, including ammonia production, storage, berthing, and pipeline development,” they added.
The Group remains committed to supporting national sustainability priorities through innovation, collaboration, and strategic investment while exploring growth opportunities that advance economic development, industrial diversification, and long-term prosperity.
“While our shareholder chapter in Cleanergy comes to an end, our partnership story with CMB.TECH does not,” said Thieme. “We look forward to continued collaboration with CMB.TECH on future pioneering projects that advance Namibia’s and Africa’s energy transition.”
O&L extended its sincere appreciation to Cleanergy Solutions Namibia and CMB.TECH teams for their dedication and shared vision.