In 2020, the total commercial renewable energy plants installed has grown to 150MW with expected
growth to 360MW by 2024. This excludes the participation in the Modified Single Buyer (MSB)
market, which may have a potential participation of up to ~ 400MW of PV and wind power plants.
“Source: NamPower & Port of Rotterdam (2021), Namibia – Port of Rotterdam, Hydrogen Supply Chain: Pre-feasibility Report”
ANIREP is gearing up to play a major role in increasing the commercial installed renewable energy generation in Namibia from the current 150MW to 760MW by 2025. Our next step is to raise equity of about N$1,2 billion in the short to medium term, as we develop and acquire more renewable energy generation, to increase our market share of renewable energy generation in the country, from 7% at February 2021 (up from 0% in 2020) to our target of 30% of the forecasted 760MW by 2025 i.e. 230MW.
In conjunction with the above stated generation capacity target, this will be accompanied by a build programme that includes Battery Energy Storage Systems to provide for peak consumption during the evening and morning peak hours. This will go a long way towards the elimination of the current imports of about 630 MW, which start unwinding between 2022-2025.