Friday
July 26
2019

Namibia Announces $338 Million, 5-Year Renewable-Energy Strategy

By Kaula Nhongo

Namibia’s state-run utility will build four plants powered by renewable energy over the next five years as the southern African nation seeks to guarantee local supplies and cut its use of fossil fuels.

The plants, which will harness biomass, solar and wind to generate a combined 220 megawatts, will cost 4.7 billion Namibian dollars ($338 million), Namibia Power Corp.

Photo courtesy of James Moran.

Source: Bloomberg (link opens in a new window)

Categories
Energy
Tags
emerging markets, renewable energy