• Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Intelligence
    • Policy Intelligence
    • Security Intelligence
    • Economic Intelligence
    • Fashion Intelligence
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • LBNN Blueprints
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Intelligence
    • Policy Intelligence
    • Security Intelligence
    • Economic Intelligence
    • Fashion Intelligence
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • LBNN Blueprints

Chinese firms to help build Namibia’s largest solar energy plant

Simon Osuji by Simon Osuji
September 10, 2024
in Business
0
Chinese firms to help build Namibia’s largest solar energy plant
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

Namibia’s state-owned utility, NamPower, announced on Monday that it has inked a deal with two Chinese companies to begin construction of the country’s largest solar power plant, Reuters reported.

Currently dependent on imports from Zambia and South Africa, Namibia’s energy grid will get a boost with the addition of 100 megawatts to its existing 500 MW capacity.

Namibia has one of the highest levels of solar radiation, off-grid solar systems are an obvious way to provide clean, reliable and affordable electricity. However, getting access to finance is one of the main hurdles for the rural population when it comes to implementing such off-grid solutions.

Estimates are that fewer than 10 per cent of rural households have access to electricity (either from the electrical grid) or through local power generation; in addition, up to 60 per cent of Namibians are off the grid.

Namibia enjoys some of the highest levels of solar radiation, making off-grid solar systems an ideal solution for delivering clean, reliable, and affordable electricity. However, access to finance remains a significant challenge for rural communities looking to implement these solar solutions.

Approximately 80% of the 1.4 billion Namibian dollars ($78.33 million) solar power project will be financed by the German development bank KfW, with NamPower covering the remaining costs from its own funds.

According to NamPower’s managing director, Kahenge Haulofu, the new plant will help stabilize future electricity tariffs, spur economic growth, and enhance environmental sustainability.

The construction, to be handled by China Jiangxi International Economic and Technical Cooperation Co. Ltd and Chint New Energy Development (Zhejiang) Co. Ltd, is expected to take 18 months, with commercial operations slated to commence in the second quarter of 2026.

Source link

Related posts

Ghana and Burkina Faso seal seven deals to secure West Africa’s key trade corridor

Ghana and Burkina Faso seal seven deals to secure West Africa’s key trade corridor

February 23, 2026
8 African economies facing heightened global scrutiny over money laundering controls in February 2026

8 African economies facing heightened global scrutiny over money laundering controls in February 2026

February 23, 2026
Previous Post

How to Connect a Projector to a Macbook?

Next Post

NATO Orders Precision-Guided Air-Dropped Bomb Kits

Next Post
NATO Orders Precision-Guided Air-Dropped Bomb Kits

NATO Orders Precision-Guided Air-Dropped Bomb Kits

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Metropolitan Museum’s deaccessioned George Washington portrait could bring $2.5m at auction

Metropolitan Museum’s deaccessioned George Washington portrait could bring $2.5m at auction

2 years ago
Transport Committee Chair Says Road Accident Fund (RAF) Shows Signs of Recovery, Reform Efforts Must Accelerate

Transport Committee Chair Says Road Accident Fund (RAF) Shows Signs of Recovery, Reform Efforts Must Accelerate

2 weeks ago
Myanmar Ethnic Armed Group Says Captured Hundreds of Junta Personnel

Myanmar Ethnic Armed Group Says Captured Hundreds of Junta Personnel

2 years ago
Iraq’s first venture capital studio empowering the next generation of founders

Iraq’s first venture capital studio empowering the next generation of founders

8 months ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • Global ranking of Top 5 smartphone brands in Q3, 2024

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0

Get strategic intelligence you won’t find anywhere else. Subscribe to the Limitless Beliefs Newsletter for monthly insights on overlooked business opportunities across Africa.

Subscription Form

© 2026 LBNN – All rights reserved.

Privacy Policy | About Us | Contact

Tiktok Youtube Telegram Instagram Linkedin X-twitter
No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • LBNN Blueprints
  • Quizzes
    • Enneagram quiz
  • Fashion Intelligence

© 2023 LBNN - All rights reserved.