Close Menu
  • News
  • Industry
  • Solar Panels
  • Commercial
  • Residential
  • Finance
  • Technology
  • Carbon Credit
  • More
    • Policy
    • Energy Storage
    • Utility
    • Cummunity
What's Hot

The UK government has urged to ensure that plug-in solar is properly regulated

July 22, 2026

Cornwall Insight cuts price ceiling forecast after Burnham’s VAT cut

July 22, 2026

SmartestEnergy, Greentech ink CfD PPA for the Kent solar project

July 22, 2026
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
Solar Energy News
Thursday, July 23
  • News
  • Industry
  • Solar Panels
  • Commercial
  • Residential
  • Finance
  • Technology
  • Carbon Credit
  • More
    • Policy
    • Energy Storage
    • Utility
    • Cummunity
Solar Energy News
Home - Finance - Namibian utility secures financing for 100 MW of solar energy – SPE
Finance

Namibian utility secures financing for 100 MW of solar energy – SPE

solarenergyBy solarenergySeptember 10, 2024No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Namibia Power Corp. (NamPower) has received a loan from German state development bank KfW to expand the planned Rosh Pinah project in Namibia from 70 MW to 100 MW. The NAD 1.3 billion ($72.6 million) loan will cover 80% of the cost of the solar project.

September 10, 2024 Lior Kahana

State-owned NamPower has expanded the capacity of its Rosh Pinah solar project in Namibia from 70 MW to 100 MW. Once operational, it will be the largest solar park in the country. Rosh Pinah is a mining town in the southern part of the country.

“The site is close to the existing Namibian electricity grid and will therefore avoid additional investment costs for new transmission or other supporting infrastructure,” the company explains. “It will benefit from the excellent solar energy generation conditions in the area.”

NamPower announced the Rosh Pinah project in July 2023 and plans to expand it with a NAD 1.3 billion loan from KfW, Germany’s state-owned development bank. The loan will cover almost 80% of the costs, while NamPower will finance the remaining 20% ​​from its own balance sheet.

“It is a partnership for sustainability, progress and environmental stewardship,” said NamPower Managing Director Kahenge Haulofu. “Together we are making a statement that economic growth and environmental responsibility are not mutually exclusive.”

In 2021, just over half of Namibia’s 2.53 million residents had access to electricity, with 38% of the country’s energy coming from renewable energy sources, mainly bioenergy at 76%, according to the International Renewable Energy Agency (IRENA). The latest statistics show that Namibia added no new PV capacity last year, leaving the cumulative installed solar capacity at 170 MW as of 2022.

See also  India's GUVNL allocates 500 MW hybrid wind-solar energy at $0.040/kWh – SPE

This content is copyrighted and may not be reused. If you would like to collaborate with us and reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

Source link

Energy financing Namibian secures solar SPE utility
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
solarenergy
  • Website

Related Posts

The UK government has urged to ensure that plug-in solar is properly regulated

July 22, 2026

SmartestEnergy, Greentech ink CfD PPA for the Kent solar project

July 22, 2026

Prime Minister reduces VAT on electricity, appoints new energy secretary

July 21, 2026
Leave A Reply Cancel Reply

Don't Miss
Policy

Simultaneous optimization of plant design, control outlines cost-competitive green hydrogen-PV Magazine International

By solarenergyJune 11, 20250

The reach of cost-competitive green hydrogen production is crucial for the transition to a net-no-green…

BRE Group launches solar-powered fire safety network

December 12, 2025

Japanese scientists achieve world record 25.14% efficiency for perovskite-CIGS tandem solar cells

May 18, 2026

Gulf heat dome and Arctic current determine May solar results – SPE

May 31, 2024
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Our Picks

The UK government has urged to ensure that plug-in solar is properly regulated

July 22, 2026

Cornwall Insight cuts price ceiling forecast after Burnham’s VAT cut

July 22, 2026

SmartestEnergy, Greentech ink CfD PPA for the Kent solar project

July 22, 2026

Flexibility as an asset

July 22, 2026
Our Picks

The UK government has urged to ensure that plug-in solar is properly regulated

July 22, 2026

Cornwall Insight cuts price ceiling forecast after Burnham’s VAT cut

July 22, 2026

SmartestEnergy, Greentech ink CfD PPA for the Kent solar project

July 22, 2026
About
About

Stay updated with the latest in solar energy. Discover innovations, trends, policies, and market insights driving the future of sustainable power worldwide.

Subscribe to Updates

Get the latest creative news and updates about Solar industry directly in your inbox!

Facebook X (Twitter) Instagram Pinterest
  • Contact
  • Privacy Policy
  • Terms & Conditions
© 2026 Tsolarenergynews.co - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.