US$72.6 million secured for financing of 100 MW Solar Project in Namibia
Namibia Power Corp. (NamPower) has secured a NAD 1.3 billion (US$72.6 million) loan from the German state-owned development bank KfW to expand the planned Rosh Pinah project in Namibia from 70 MW to 100 MW.
The loan will cover nearly 80% of the project costs which is NAD 1.6 billion (US$ 89 million), with NamPower funding the remaining 20% from its balance sheet.
The engineering, procurement and construction (EPC) contract worth NAD 1.4 billion (US$ 78 million) for the Rosh Pinah photovoltaic (PV) project was signed between China Jiangxi International Economic and Technical Cooperation and CHINT New Energy Development (Zhejiang). The construction of the plant will take approximately 18 months, with nearly 800 workers on-site at the peak of activity.
Country news
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December 14, 2023
Team selected for 58 MW/75 MWh battery energy storage system in Namibia
Namibia Power Corporation (NamPower) has selected a Chinese team of Shandong Electrical Engineering & Equipment Group Company and Zhejiang Narada Power Source Company to build the 58 MW/75 MWh Omburu battery energy storage system (BESS) in the Erongo region of central-west Namibia.
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October 10, 2023
Tender issued for 40 MW Biomass Project in Namibia
NamPower has invited bids for the development of 40 MW Otjikoto biomass power station in Namibia.
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August 24, 2022
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Hyphen Hydrogen Energy has announced that its discussion with the Namibian government about the conclusion of the Implementation Agreement for a 6 GW green hydrogen project in Tsau/Khaeb national park has advanced in a constructive manner.
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November 19, 2021
Preferred bidder selected for 5 GW Hydrogen PPP project in Namibia
The Namibian Government has selected HYPHEN Hydrogen Energy as the preferred bidder for the development of the large-scale vertically integrated green hydrogen project.
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July 05, 2018
SunEQ Namibia announces financial close for 5 MW of solar photovoltaic facility
SunEQ recently announced it has reached financial close for a 5MW solar photovoltaic project in Namibia. The facility will be built in the Otjozondjupa region for Ohorongo Cement; also the Development Bank of Namibia (DBN) has helped SunEQ secure financing.
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