Sturdee Energy is collaborating with the Frans Indongo Group to build two solar projects in Namibia. Located in Mariental and Kokerboom, these projects will each deliver 10 MW of capacity, adding up to a total of 20 MW. RMB Namibia, serving as the lead arranger, has facilitated the USD 27.98 million investment for the initiative.
The two partners aim to fully exploit the solar energy potential in the region. By utilizing Tier 1 solar equipment and signing long-term power purchase agreements with NamPower, these projects will generate 59,320 MWh of renewable energy annually starting in 2025. This production will result in a significant reduction of carbon emissions, estimated at 56,354 tons of CO2 equivalent (tCO2e).
The project also benefits from financial support from two European institutions, Swedfund and the Danish Investment Fund for Developing Countries (IFU). These organizations have jointly invested USD 44 million in the growth of Sturdee Energy. This financial contribution reflects growing confidence among European institutions in African renewable energy players.
Swedfund and IFU see this initiative as a means to drive industrialization and secure a sustainable energy supply in Southern Africa. For Namibia, a nation with optimal solar energy conditions, this investment strategically addresses the rising energy demand fueled by population growth and
