Sturdee Energy and the Frans Indongo Group have partnered to develop two solar power projects in Namibia, located in Mariental and Kokerboom, each with a 10 MW capacity, for a combined total of 20 MW.
The initiative is backed by a USD 27.98 million investment, with RMB Namibia serving as the lead financial arranger.
These projects aim to harness the region’s abundant solar potential using Tier 1 solar equipment and long-term power purchase agreements (PPAs) signed with NamPower, Namibia’s national electricity utility.
Once operational in 2025, the plants will produce 59,320 MWh of renewable energy annually, cutting 56,354 tons of CO2 equivalent (tCO2e) in carbon emissions every year.
The project has also attracted international backing from European investors Swedfund and the Danish Investment Fund for Developing Countries (IFU).
These institutions have collectively invested USD 44 million to support Sturdee Energy’s growth, signaling rising confidence in African renewable energy ventures.
Both Swedfund and IFU see this partnership as a pathway to advancing industrialization and providing sustainable energy in Southern Africa, where growing populations and energy demands present significant challenges.
For Namibia, a country with excellent solar energy conditions, these projects represent a strategic step toward meeting its rising energy needs while fostering sustainable development.
This collaboration underscores the increasing role of renewable energy in transforming Africa’s energy landscape, positioning Namibia as a leader in solar innovation within the region.
