Namibia Power Corp. (NamPower) has actually protected a loan from German state-owned advancement bank KfW to broaden the prepared Rosh Pinah job in Namibia from 70 MW to 100 MW. The NAD 1.3 billion ($72.6 million) loan will cover 80% of the solar task’s expenses.
September 10, 2024 Lior Kahana
Image: NamPower
State-owned energy NamPower has actually extended the capability of its Rosh Pinah solar task in Namibia from 70 MW to 100 MW. It will be the biggest solar park in the country once it is functional. Rosh Pinah is a mining town in the southern part of the nation.
“The website lies near the existing Namibian power grid and will therefore prevent extra financial investment expenses for brand-new transmission or other allowing facilities,” the business described. “It will harness the exceptional conditions for solar power generation in the location.”
NamPower revealed the Rosh Pinah job in July 2023 and prepares to broaden it with a NAD 1.3 billion loan from KfW, Germany’s state-owned advancement bank. The loan will cover almost 80% of the expenses, with NamPower moneying the staying 20% from its own balance sheet.
“It’s a partnership for sustainability, development, and ecological stewardship,” stated NamPower Managing Director Kahenge Haulofu. “Together, we are making a declaration that financial development and ecological duty are not equally special.”
In 2021, simply over half of Namibia’s 2.53 million individuals had access to electrical energy, with 38% of the nation’s energy originating from renewables, mostly bioenergy at 76%, according to the International Renewable Energy Agency (IRENA). Its newest data reveal that Namibia included no brand-new PV capability in 2015, leaving its cumulative set up solar capability at 170 MW since 2022.
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