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 inaugurated and has a total investment of NAD120-million (US$7.9 million)
Sertum Energy Namibia, owner of the project, is a partnership between local businessman Elton Katangolo and Italian renewable energy sector player Enertronica SpA. Sertum Energy has signed a 25-year power purchase agreement with NamPower as part of the feed-in-tariff program.
Country updates
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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)
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March 14, 2018
The solar park has been completed
The solar park has been completed. The power will be purchased under a 25 year REFIT contract at the rate of NAD1.37 ($0.10) per kWh
