Observer

The Joint Venture between China Energy International Group – Riminii Investments (Pty) Ltd, which was later incorporated into CERIM Lüderitz Energy (PTY) LTD emerged as the successful bidder from a bidding process and an extensive evaluation phase with an offered base electricity tariff of N$ 0.8785 per kilowatt-hour and a Fixed Annual Escalation Rate of 0.5%. This then led to NamPower signing a Power Purchase (PPA) and Transmission Connection (TCA) agreements with CERIM Lüderitz Energy (PTY) LTD for the development of the 50MW Lüderitz Wind Power Plant on a Build-Own-Operate Basis, and the associated transmission connection infrastructures required to connect…

The State of the Nation Address by President Hage Geingob provided an update on the green economy projects in the country. Namibia has pioneered a billion-dollar green hydrogen valley concept in sub-Saharan Africa, attracting in the process, over N$1.5 billion in grant funding.Around 93 Namibians will receive scholarships worth more than N$34 million pursue their Masters and TVET studies in areas related to the Synthetic Fuels industry. The President outlined that of the four pilot projects earmarked to receive more than N$500 million in grant funding to develop their concepts, more than N$120 million has been allocated to the Daures…

Daures Green Hydrogen Village in the Erongo Region expects to kick off its operations in October. The project will include the planting of carbon-free tomatoes. Daures expect to produce ammonia and hydrogen during the first quarter of 2024. Funding for the project worth, N$220 million, has come through a grant from the German Federal Ministry of Education and Research (BMBF), for a period of 18 months, through Southern African Science Service Centre for Climate Change and Adaptive Land Management (SASSCAL). In 2023, Daures Green Hydrogen signed its first offtake agreement with Zimbabwean ammonium nitrate fertilizer manufacturer, Sable Chemicals. The non-binding…

Development Bank of Namibia (DBN) has launched its inaugural Sustainable Finance Framework (SFF). The Framework is aligned with the four core components of the International Capital Market Association’s (ICMA) Green Bond Principles 2021, Social Bond Principles 2021, Sustainability Bond Guidelines 2021 as well as the Loan Market Association’s (LMA) Green Loan Principles 2023 and Social Loan Principles 2023. The Framework has seven green categories which aim to achieve the environmental objectives of climate change mitigation, sustainable use and protection of water and marine resources, protection and restoration of biodiversity and ecosystems and four social categories which aim to achieve the…

The proposed Rosh Pinah Solar Park (RPSP) will generate 5,4 MW for the operational energy requirements of Rosh Pinah Zinc Corporation (RPZC). RPZC is in the process of expanding its operations and will require additional supplies of electricity. The establishment of Rosh Pinah Solar Park is expected to reduce the cost of energy to run the mine, diversify its sources of energy and improve its sustainability. RPSP is owned and will be managed by two Namibian entities, Otesa Energy Projects, the majority shareholder, and Emesco Energy (Namibia). Otesa Energy Projects will construct the plant and Emesco developed the plant. Director…