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O&L Nexentury plans to construct a 100 megawatts solar plant in Namibia, the project located outside Windhoek has already obtained a power generation and export license from the Electricity Control Board (ECB). The project will be financed through a mix of debt and equity. O&L Nexentury is a subsidiary of the Ohlthaver & List Group (O&L)
O&L Nexentury plans to construct a 100 megawatts solar plant in Namibia, the project located outside Windhoek has already obtained a power generation and export license from the Electricity Control Board (ECB). The project will be financed through a mix of debt and equity. O&L Nexentury is a subsidiary of the Ohlthaver & List Group (O&L)
The aim is to not only export the electricity produced by this plant but also supply interested energy users within Namibia. These include industrial companies, mines, Nampower, Regional Electricity Distributors, etc. The project’s first phase is expected to be operational by the middle of 2024. A part of the produced electricity will be exported to the Southern African Power Pool which provides sustainable energy for the SADC region and beyond.
O&L Nexentury GmbH was granted the necessary construction permit in February 2023, valid for 25 years. The O & L subsidiary was granted an advanced water management permit to construct and operate Germany’s largest floating solar photovoltaic (PV) park, which will consist of over 27,000 PV panels and cover more than eight hectares of water surface area. O&L Europe (fellow O&L subsidiary) and Phillip & Co KG are the co-investors of the solar project and about 70% of Philip & Co KG’s energy needs will be supplied by this solar park, with the remaining energy going into the local power grid.
Read Also:
https://trendsnafrica.com/hyphen-commits-making-namibia-net-zero-by-2030/
https://trendsnafrica.com/namibia-leads-african-green-energy-bandwagon/
O&L’s foray into the renewable space also comes after its disinvestment in Namibia Breweries Limited (NBL) and its foray into the green hydrogen space through a partnership with Belgium-based partner, CMB.TECH to create Cleanergy Solutions Namibia (Cleanergy). Cleanergy was awarded a grant to set up a Hydrogen pilot plant and refuelling station on the coast of Namibia.
