{"id":19411,"date":"2022-05-14T15:03:57","date_gmt":"2022-05-14T15:03:57","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/dbn-supports-solar-energy"},"modified":"2022-05-14T15:12:48","modified_gmt":"2022-05-14T15:12:48","slug":"dbn-supports-solar-energy","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/dbn-supports-solar-energy","title":{"rendered":"DBN supports solar energy"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>THE Development Bank of Namibia (DBN) has signed an agreement to provide N$193 million to finance a new solar power-generation plant near Kahn substation in the Namib Desert.<\/b><\/p>\n

This plant, owned by Anirep Aussenkjer Solar One \u2013 a start-up energy company, will feed 20 MW into NamPower’s grid at Kahn substation.<\/p>\n

The start-up company won a 25-year tender to produce power for NamPower and is jointly owned by two local partner companies, Anirep Solar and Aussenkjer Energy Investments.<\/p>\n

Anirep is listed on the Namibian Stock Exchange.<\/p>\n

The solar plant will be located 40 km from Usakos and will be developed by HopSol Africa. Anirep owns a majority stake in Hopsol.<\/p>\n

DBN head of marketing Jerome Mutumba said with local production of electricity, Namibia will reduce reliance on imports.<\/p>\n

He said viewed over the short, medium and long-term, local generation is highly variable because Namibia’s largest power-generation facility, Ruacana Hydroelectric Power Station, depends on the Kunene River whose levels fluctuate.<\/p>\n

He illustrated the impact of the levels of the Kunene River by saying that in July 2021, power production from the Ruacana Hydroelectric Power Station fell by 87,5%.<\/p>\n

Mutumba said this decline points not just to the need to develop local power generation, but also the need for stable sources of generation, such as solar.<\/p>\n

Fluctuation in generation leads to fluctuations in costs, which have an impact on Namibia’s deficit, as well as on the medium- to long-term costs of industry as NamPower and regional distributors have to adjust their costs.<\/p>\n

By stabilising power generation, he said, Namibia can become a more attractive destination for investors seeking opportunities in Namibia’s industrialisation drive.<\/p>\n

On privately owned solar generation facilities, Mutumba said independent power producers are an ideal position to promote economic inclusiveness.<\/p>\n

Presently, a small solar power plant can conceivably be financed over a period of 10 years. With an off-take agreement of 20 to 25 years and a stable purchasing regime over an additional 10 to 15 years, this leaves an enterprise resource that can be maintained, expanded or diversified.<\/p>\n

Mutumba said solar generation has benefits all round and urged all stakeholders to approach the bank to examine business models and potential for future projects.<\/p>\n

For More News And Analysis About Namibia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Namibia. THE Development Bank of Namibia (DBN) has signed an agreement to provide N$193 million to finance a new solar power-generation plant near Kahn substation in the Namib Desert. This plant, owned by Anirep Aussenkjer Solar One \u2013 a start-up energy company, will feed 20 MW into NamPower’s grid at Kahn substation. The […]<\/p>\n","protected":false},"author":84,"featured_media":19410,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[234,236,233],"class_list":["post-19411","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nDBN supports solar energy - Namibia<\/title>\n<meta name=\"description\" content=\"THE Development Bank of Namibia (DBN) has signed an agreement to provide N$193 million to finance a new solar power-g ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/dbn-supports-solar-energy\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DBN supports solar energy\" \/>\n<meta property=\"og:description\" content=\"THE Development Bank of Namibia (DBN) has signed an agreement to provide N$193 million to finance a new solar power-g ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/dbn-supports-solar-energy\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-14T15:03:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-14T15:12:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/05\/postQueueImg_11-627fc6def2704.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"310\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/dbn-supports-solar-energy#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/dbn-supports-solar-energy\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"DBN supports solar energy\",\"datePublished\":\"2022-05-14T15:03:57+00:00\",\"dateModified\":\"2022-05-14T15:12:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/dbn-supports-solar-energy\"},\"wordCount\":374,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/dbn-supports-solar-energy#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/05\/postQueueImg_11-627fc6def2704.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/dbn-supports-solar-energy#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/dbn-supports-solar-energy\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/dbn-supports-solar-energy\",\"name\":\"DBN supports solar energy - 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