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

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

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 *

POPULAR NEWS

  • Mahama attends Liberia’s 178th independence anniversary

    Mahama attends Liberia’s 178th independence anniversary

    0 shares
    Share 0 Tweet 0
  • 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

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

© 2026 JNews - Premium WordPress news & magazine theme by Jegtheme.