World Bank Group has announced that, through its subsidiary Multilateral Investment Guarantee Agency (MIGA), it will provide up to US$18 million in support of two 5 MW PV power plants to be constructed in Namibia.
Alten Africa has secured up to US$50 million for its planned 45.5 MWp solar PV plant in Namibia. When complete, the generated energy is expected to meet 3% of the country’s energy needs.
The IPP will begin construction of the solar plant in early 2018. The tender was put out by Namibian state-owned utility NamPower, which will retain a 19% stake in the completed project.
The 6.4 MW solar facility will be located in Tsumeb, northern Namibia. The project was selected in a tender recently held by local utility Cenored.
Solar-powered minigrids could account for a greater slice of sub-Saharan Africa’s $740 million off-grid market, but progress is still needed throughout the region in terms of policy, financing and commercial services, the Rocky Mountain Institute (RMI) says in a new report.
Namibia’s Electricity Control Board (ECB) has announced the new rates applicable to PV systems installed under the government’s net-metering scheme. The new mechanism was introduced by the government in November 2016. PV projects up to 500 kVa can be developed under the scheme.
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