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The University of Namibia (UNAM) is set to invest over N$65 million in a solar project which is expected to provide sustainable, reliable, and cost-effective electricity to its 12 campuses. This project is expected to save the university N$12 million annually, is being spearheaded by UNAM’s investment arm, Inceptus Holdings, in partnership with Alensy Holdings, and is scheduled for completion in August 2024, with installations already completed at the Windhoek main campus and the Hage Geingob Campus.
The University of Namibia (UNAM) is set to invest over N$65 million in a solar project which is expected to provide sustainable, reliable, and cost-effective electricity to its 12 campuses. This project is expected to save the university N$12 million annually, is being spearheaded by UNAM’s investment arm, Inceptus Holdings, in partnership with Alensy Holdings, and is scheduled for completion in August 2024, with installations already completed at the Windhoek main campus and the Hage Geingob Campus.
This launch is a milestone achievement in the history of the University, marking the beginning of a new era of energy production for the institution. Not only is this plant grid-tied, as explained in the presentation, but it is also sustainable and renewable, meaning it does not rely on fossil fuels or other non-renewable sources of energy, stated Prof. Kenneth Matengu, UNAM Vice-Chancellor.
UNAM’s renewable energy generation project is expected to reduce the university’s carbon footprint by avoiding approximately 3,900 tons of carbon emissions annually. It will lead to significant financial savings, with projected electricity costs at least 40% cheaper than the current utility rates. Additionally, the project will reduce the University’s connection capacity from 6.8 MW to 2.8 MWp. The project showcases how the private sector and public sector can work together successfully to benefit both sides. Investment was raised by the private sector to benefit UNAM, without any public expenditure requirement.
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The renewable energy generation project features photovoltaic solar power generation plants with a total capacity of 3.4 Megawatt peak (MWp). These plants are synchronized with the existing electrical grid, creating a grid-tied system, and battery systems are incorporated to reduce electricity demand peaks. The construction of these plants is a significant investment for the University as it will reduce reliance on non-renewable sources, saving both financial resources and energy. Moreover, these plants will help reduce our carbon footprint and contribute to global efforts to reduce greenhouse gas emissions. The solar plants have an expected lifetime of more than 25 years.
