The 5.7 MWP Otjiwarongo PV Park is situated 250km north of the capital city of Namibia. It has 35 640 solar modules installed and spans over an area of 12 Ha.
A feed-in tariff (FIT), is a a policy mechanism designed to accelerate investment in renewable energy technologies by offering long-term contracts to renewable energy producers. The goal is to offer cost-based compensation to renewable energy producers, providing price certainty and long-term contracts that help finance renewable energy investments.
Typically, FITs award different prices to different sources of renewable energy in order to encourage development of one technology over another. For example, technologies such as wind power and solar PV, are awarded a higher price per kWh than tidal power. FITs often include a “degression”, a gradual decrease of the price or tariff, in order to follow and encourage technological cost reductions.
- Solar Plant