Concentrating Solar Power Technology Transfer for Electricity Generation in Namibia (CSP TT NAM)
What is the project about?
The project aims to increase the share of renewable energies in the Namibian energy mix by developing the necessary technological framework and conditions for the successful transfer and deployment of CSP technology for on-grid power generation, thereby reducing greenhouse gas emissions. Firstly, this would be achieved through the establishment of the CSP technology partnership agreements between foreign providers and Namibian stakeholders in the private sector, government and academia. In turn, this would lead to an outcome of an increased number of local entrepreneurs in the local CSP supply chain. Secondly, the development of market policy framework for CSP technology would lead to the approval of policies supportive of its application, a thriving CSP market in Namibia, and increased investments in CSP technology in Namibia. Finally, the development of necessary documents, a business model, financing framework and contracting would lead to the provision of loans from financing institutions, the construction of Namibia’s the first 50 MW CSP plant, an increase in the installed capacity of CSP plants in Namibia, and a subsequent increase in investor confidence in the development of CSP installations in the country.
The key objective of this project is to increase the share of renewable energy resources in the Namibian energy mix by developing the necessary technological framework and conditions for the successful transfer and deployment of CSP technology for on-grid power generation, thereby reducing greenhouse gas emissions.
What are the expected outcomes?
- Local entrepreneurs are engaged in the manufacturing, supply and installation of Concentrating Solar Power systems
- Increased investments in Concentrating Solar Power technology applications in Namibia
- Increased installed capacity of Concentrating Solar Power plants in Namibia