UK-headquartered Solarcentury Africa Limited, in partnership with Sino Energy, achieved financial close on a 20 MW solar PV plant in Namibia. This project marks the first fully merchant Independent Power Producer (IPP) to trade renewable energy on the Southern African Power Pool (SAPP). The project, valued at $20 million, is entirely owned and funded by Solarcentury Africa and is set for commissioning in Q3 2025. The plant will generate 51 GWh of power annually and offset 86,001 tons of CO2 emissions. Alensy Energy Solutions Pty Limited from Namebia is the EPC contractor for the project, creating over 150 local jobs.The project benefits from Namibia’s supportive regulatory environment, securing necessary licenses and clearances, and is backed by the Namibia Investment Promotion and Development Board.The plant will connect to the NamPower Gerus substation in the Otjozondjupa region. (NIPDB). The plant also has the flexibility to sell energy within Namibia to large industrial consumers under the Modified Single Buyer (MSB) rules. Solarcentury Africa planning to develop additional merchant solar projects in Zambia, Botswana, and Namibia.
Solarcentury reaches financial closure for 20 MW Namibia plant
The solar plant, located between Otjiwarongo and Outjo, is the first of its kind in Namibia, fully merchant and without long-term PPAs. (Image Source: Solarcentury africa)
Actualize Solar has signed five long-term PPAs in 2024, advancing its 1.5 GW solar project portfolio across six US states. (Image Source: Businesswire)
Located in Enna and Catani a, the 242.78 MW solar plant was designed to produce 400 GWh annually, meeting the needs of 154,000 households. (Inage Source: Iberdola)
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)