O&L divests from Cleanergy project
The Ohlthaver & List (O&L) Group of Companies announced its divestment from Cleanergy Solutions Namibia. H2Infra NV, a subsidiary of CMB.TECH, will become the sole shareholder of Cleanergy Solutions Namibia following the acquisition of the 51% shareholding currently held by the O&L Group.
The transaction is pending regulatory approval by the Namibian Competition Commission. CMB.TECH 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 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.”
The establishment of Cleanergy Solutions Namibia marked a historic step in the country’s journey towards 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 said: “We are grateful to O&L for their foundational contributions and collaborative spirit throughout our 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 future 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.”
This transition enables O&L to continue its pioneering legacy by strengthening its business portfolio and pursuing new ventures that set benchmarks for Namibia’s future. 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.”
The transaction is pending regulatory approval by the Namibian Competition Commission. CMB.TECH 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 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.”
The establishment of Cleanergy Solutions Namibia marked a historic step in the country’s journey towards 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 said: “We are grateful to O&L for their foundational contributions and collaborative spirit throughout our 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 future 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.”
This transition enables O&L to continue its pioneering legacy by strengthening its business portfolio and pursuing new ventures that set benchmarks for Namibia’s future. 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.”
