SolarQuarter Global’s Post

Namibia is positioning itself as a regional leader in renewable energy through the signing of a five-year Memorandum of Understanding (MoU) with the United States. This partnership will drive collaboration on solar, wind, and green hydrogen projects, positioning Namibia to become a net exporter of clean energy. U.S. Ambassador Randy Berry emphasized the MoU's role in strengthening Namibia’s energy security and diversifying its energy sources.   Kundai Tambo Tashiya-Helena Walenga Fausto Mendes Pr. Eng. Marina Iyambo Michelle Handura-Tjiteere Oveh Kpason Dakim Dung Ikechukwu Promise Obialor Reuben Nyam Follow The African Energy Council for more energy news #RenewableEnergy #aecouncil #GreenHydrogen #CleanEnergy #Namibia #Sustainability #EnergyTransition #WindEnergy #CleanEnergyFuture #GlobalEnergyTransition #EnergySecurity #Sustainability 

This looks very interesting as we have recently been discussing how to incorporate GESI and other local economic requirements into energy contracts and #climateprocurement: The Policy Catalyst is an initiative by GET.transform and implementation partners to provide integrated capacity building and technical assistance on vital regulatory building blocks. The “Effective Renewable Energy Tendering” window builds on the findings from the eponymous report and was jointly developed by GET.transform, the POWER FUTURES LAB, the Sustainable Renewables Risk Mitigation Initiative (SRMI) of the The World Bank’s ESMAP - Energy Sector Management Assistance Program programme and International Renewable Energy Agency (IRENA). It also draws on the expertise of GET.transform’s sister programme GET.invest. The window offers support to officials from finance and energy ministries, public utilities and energy regulators. Twelve countries from Sub-Saharan Africa are participating in the programme: Botswana, Eswatini, Ethiopia, Kenya, Lesotho, Liberia, Malawi, Mozambique, Namibia, The Gambia, Uganda, and Zimbabwe.  Find out more: https://lnkd.in/dK-Qe7Gq Peace Peters Alex Money Sam Fankhauser Julia Tomei

𝐒𝐨𝐮𝐭𝐡 𝐀𝐟𝐫𝐢𝐜𝐚'𝐬 𝐑𝐞𝐧𝐞𝐰𝐚𝐛𝐥𝐞 𝐄𝐧𝐞𝐫𝐠𝐲 𝐃𝐫𝐢𝐯𝐞: 𝐀 $21.9 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 In a major boost to the national renewable energy sector, South Africa is set to attract a groundbreaking $21.9 billion in private investments for renewable energy projects. This large investment demonstrates the country's strong commitment to moving towards a more sustainable energy future and emphasizes the increasing importance of green energy worldwide. President Ramaphosa's announcement is a key moment, showing major progress in South Africa's work to improve its energy system, cut carbon emissions, and create new jobs and opportunities in renewable energy. 𝐘𝐨𝐮 𝐜𝐚𝐧 𝐫𝐞𝐚𝐝 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐚𝐫𝐭𝐢𝐜𝐥𝐞 𝐡𝐞𝐫𝐞: https://lnkd.in/dpJQcqnz 𝐒𝐭𝐚𝐲 𝐮𝐩𝐝𝐚𝐭𝐞𝐝 𝐨𝐧 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐚𝐧𝐝 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐛𝐲 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐁𝐫𝐮𝐧𝐝𝐭𝐥𝐚𝐧𝐝 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐢𝐧𝐠. 𝐖𝐞 𝐩𝐫𝐨𝐯𝐢𝐝𝐞 𝐭𝐡𝐞 𝐥𝐚𝐭𝐞𝐬𝐭 𝐧𝐞𝐰𝐬 𝐚𝐧𝐝 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐧 𝐬𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐚𝐧𝐝 𝐫𝐞𝐧𝐞𝐰𝐚𝐛𝐥𝐞 𝐞𝐧𝐞𝐫𝐠𝐲. #Sustainability #RenewableEnergy #Investment #GreenEnergy #SouthAfrica #EnergyTransition #BrundtlandConsulting #ESG #Brundtland

M0Z: Mozambique Takes Major Step Towards Clean Energy with $54 Million Wind Farm Loan Approval  The African Development Bank (AfDB) has approved a $54 million loan to finance Mozambique’s first large-scale wind energy project. This initiative marks a pivotal moment in Mozambique’s energy landscape as the 120 MW Namaacha wind farm will help position the country as a key energy hub within Southern Africa, significantly diversifying its energy mix.

On World Environment Day, we celebrate a major step forward for Namibia's energy sector 🇳🇦 👏 The World Bank recently approved $138.5 million in financing to help NamPower extend its electricity transmission and battery storage network. It's the country's first ever World Bank financed energy project! Read more via AFRIK 21: https://lnkd.in/emureHnk This investment will prepare the grid for massive integration of renewable energies, promoting sustainable development in the region and supporting the large-scale Mega Solar Initiative. Mega Solar is a multi-donor partnership that centers on the competitive procurement of 2 to 5 gigawatts of solar power in Namibia and Botswana by 2040 or earlier ☀️ Power Africa coordinates Mega Solar partner activities, supporting technical studies and institutional capacity building and working with counterparts to establish the governance structures that will guide country-level project implementation. #WorldEnvironmentDay #WED #MegaSolar #Namibia #SolarPower #Solar #SolarEnergy #CleanEnergy #EnergyAccess #SouthernAfrica #PowerAfrica USAID

We’re pleased to see a new report from the International Energy Agency (IEA), highlighting the huge potential for Namibia to drive sustainable economic growth through the development of renewable energy. ☀️ This report underscores the country’s world-class solar and wind energy resources, positioning Namibia as a leader in clean energy on the African continent. 💧 Namibia has the opportunity to become a hub for renewable hydrogen production, attracting global investment and creating new skilled jobs. 💡 With supportive policies and strategic investments, Namibia can not only reduce its reliance on imported electricity but also enhance energy security, lower costs for consumers, and support universal electricity access, particularly in remote areas. At Hyphen, we are committed to developing Namibia’s green hydrogen industry through our landmark project, that will support both economic growth in Namibia and assist the world in achieving its decarbonisation goals. 🔗 Read the full report here: https://lnkd.in/eDV_R2-Q #RenewableEnergy #Sustainability #CleanEnergy #IEA #Namibia

Namibia’s renewable energy potential is truly inspiring, and the IEA’s report highlights the immense opportunity for the country to lead the way in clean energy and green hydrogen production. It’s exciting to see the convergence of world-class resources, global investment, and the vision to drive sustainable economic growth. At Hyphen, we’re proud to be part of this transformative journey, contributing to a greener future for Namibia and the world.

The article from The Star reports on the increasing interest of foreign companies in China and the UAE in investing in the renewable energy sector in Sarawak, Malaysia. This surge in interest is driven by Sarawak's favourable conditions for renewable energy projects, including its abundant natural resources and supportive government policies. Foreign firms are attracted by the state's potential for hydroelectric power, solar energy, and other sustainable energy sources. https://lnkd.in/gbTZREg8 #solarmalaysia #energymalaysia #sarawak #renewableenergy #solarstoragelivemy

Namibia has received approval for its first-ever The World Bank-financed energy project, which aims to enhance the reliability of the country’s transmission network and integrate more renewable energy into its electricity system. The $138.5 million project will be executed by NamPower, the national electricity utility. Satu Kahkonen, World Bank Country Director for Namibia, highlighted the significance of this project, noting Namibia’s leadership in transitioning towards a greener and more sustainable future. She emphasized that this project aligns with Namibia’s Second Harambee Prosperity Plan (HPPII) and will support NamPower in developing future renewable energy projects. NamPower’s Managing Director, Kahenge Simson Haulofu, expressed enthusiasm for the project, calling it a strategic investment crucial for maintaining the country’s electricity transmission network. He noted that the new transmission line will facilitate increased access to variable renewable energy (VRE) within Namibia and support regional electricity trading. Additionally, the development of the second utility-scale battery energy storage system will aid the integration and uptake of renewable energy plants. Read more: https://lnkd.in/dxRt6e2B #RenewableEnergy #Solar #Namibia #Investment

Ten years ago, the Development Bank of Namibia financed the 4.5 MW Omburu Sun Energy solar power plant near Omaruru. This was Namibia's first renewable energy transaction - to date bankers maintained that similar projects could only be funded with a Government Guarantee. We proved them wrong and created a new funding model that other financiers have readily embraced since. Owned by InnoSun Energy, the project was established following a power purchase agreement with NamPower in 2013. This pioneering venture not only reduced Namibia’s reliance on imported electricity but also paved the way for private sector involvement in power generation and green industrialisation. The project has also been instrumental in DBN accessing green credit lines that supported a number of renewable energy transactions, including Namibia’s first wind power plant. Over the ten year period, we have been able to support the renewable energy sector with funding of more than NAD 1 billion. While I vividly remember how challenging it was to structure the finance for this first project, I am exceedingly proud on how my amazing colleagues Mahevo Kadhepa, Hellen Amupolo, Erik K. de Waal and Metilde Nambahu have built on this first green transaction I led ten years ago. If you are keen to take a trip down memory lane with me, have a look at these articles: https://lnkd.in/dsnieP-2 https://lnkd.in/dTi3eNSq Now I am looking forward to exploring ways in which we can unlock other sectors and ecosystems to drive Namibia's socio-economic development. It promises to be an exciting journey 🚀