Namibia's Ministry of Environment and Tourism (MET) has signed a land lease agreement, to allow the construction of a 44 megawatt (MW) renewable power plant, which will help the country generate its own power in the next five years.
The MET signed the agreement with Diaz Wind Power, a unit of the United Africa Group (UAG). The plant will be located at Luderitz, and the lease agreement is for 25 years.
The project is estimated to cost about NAD1.5 billion (US$106.7 million) and forms part of the Namibia power utility's new five-year corporate strategy and business plan.
Country updates
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November 04, 2019
Sertum Energy Namibia completes the 5 MW portion of 27 MW Trekkopje Solar Project solar project in Namibia
Sertum Energy Namibia has completed the development of a 5 MW portion of a 27 MW solar project located in at the Orano Trekkopje Mine, in the Erongo Region, Namibia. The project has been ina...
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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...
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April 11, 2018
The World Bank’s Multilateral Investment Guarantee Agency (MIGA) is guaranteeing USD 15 million non-shareholder loans from Investec Bank and USD3 million equity from Cigenco SA to support the construction, operation and maintenance of the solar project including the Ejuva One
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April 11, 2018
The World Bank’s Multilateral Investment Guarantee Agency (MIGA) is guaranteeing USD 15 million non-shareholder loans from Investec Bank and USD3 million equity from Cigenco SA to support the construction, operation and maintenance of the solar project including the Ejuva Two
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March 15, 2018
Alten Energias Renovables has reached financial close of the project
Alten Energias Renovables has reached financial close of the project. Over US$50 million has been provided by the South African Standard Bank and Proparco, the private sector financing arm of Agence Francaise de Developpement (AFD)
