SolarAfrica, a leading solar energy enabler in Africa, has announced that it has broken ground on two solar projects of 5MWp each signed with Namibian Power Corporation (NamPower) for the supply of solar electricity.
Earlier this year SolarAfrica concluded the two 25 year power purchase agreements (PPAs) under the Namibian interim REFIT (Renewable Energy Feed in Tariff) programme, which will see the company supply the Namibian grid with an additional 10 MWp’s of much needed capacity.
The projects, which will be constructed outside the town of Gobabis, both reached financial close with an investment by Consolidated Infrastructure Group (CIG), an infrastructure company listed on the JSE, who will take a majority stake in the project along with two local partners.
“It’s important for us as a company to demonstrate that we can bring projects like these to an investable state, attractive to outside investors. Reaching financial close with CIG is evidence of us reaching this goal.” says James Irons, CEO, SolarAfrica.
While SolarAfrica’s main focus is solar energy solutions to commercial, industrial and residential energy users in a number of countries within Africa, the projects presented an opportunity to add to its development credentials.
“The project is expected to be completed in July 2017, SolarAfrica will continue involvement until commercial operation, thereafter CIG will take on the responsibility for operations and maintenance as lead investor” says Irons.