Namibia to tender large CSP solar project in 2022
Namibia: Namibia’s NamPower is planning to issue a tender for a 50–130 MW concentrated solar power (CSP) with storage project in 2022.
Image source: Informa Markets
Namibia: Namibia’s NamPower is planning to issue a tender for a 50–130 MW concentrated solar power (CSP) with storage project in 2022.
The project is expected to require investment of somewhere between $600 M and $1 B, with a target commissioning date set for 2025.
The plans were revealed by NamPower generation projects head Grant Muller at the recent SolarPACES online conference.
Muller said the project was planned to be developed under a build, own, operate, transfer (BOOT) model under Namibia’s new Public Private Partnership (PPP) Act. The selected developer will develop the plant and then sign a 25-year offtake agreement.
Muller said NamPower was hoping for the tariff to be sub-$cents8 a kilowatt hour depending on size and dispatch times. No subsidies are planned for the project, according to media reports.
Namibia currently has an installed capacity of 680 MW for its 2.5 million people, with 517 MW of this coming from renewable energy resources and 122 MW from coal-fired generation. Namibia also imports electricity from neighbouring South Africa.
Source: Informa Markets