Staff Reporter LATER today, a total solar eclipse will sweep across some parts of the world as the moon completely covers the sun, resulting in a temporary darkening of the sky that could last for about 3.5 to 4 minutes. A total solar eclipse happens when the moon moves between the Earth and the sun,...
Eager gazes will turn towards the sky tomorrow as the world anticipates the awe-inspiring spectacle of the total solar eclipse. Dubbed the Great North American Eclipse by enthusiasts and social media alike, this celestial phenomenon promises to captivate viewers across the Americas. The lunar eclipse is when the moon moves between the earth and the...
Namibia’s local solar photovoltaic (PV) cell production and module assembly could generate 22,000 jobs and contribute a N$37-billion boost to the country’s GDP by 2050, global consultancy firm McKinsey & Company has forecast. The McKinsey & Company’s study, conducted as part of Namibia’s green manufacturing strategy, highlights the importance of embracing local production to drive...
The Ohlthaver & List Group, Namibia’s largest private company group with interests in many sectors, is set to build a Philippsee photovoltaic (PV) power plant in Bad Schönborn, Germany. This was announced by O&L executive chairman Sven Thieme in a statement following a ground-breaking ceremony on 21 March, when he said the investment in the...
Ohlthaver & List Group has broken ground to start construction of a Philippsee floating photovoltaic power plant in Bad Schönborn, Germany. With an investment value of approximately N$350 million, the solar park will be built on the gravel lake of Philipp & Co KG in Bad Schönborn. It will consist of over 27,000 PV panels and cover...
The Alpha Namibia Industries Renewable Power Limited (Anirep) is set to launch a green bond after S&P Global Ratings assessed the green bond framework as dark green, the highest sustainability rating. This was said by the board in a notice to shareholders that the second-party opinion (SPO) indicated Anirep’s activities corresponded to the long-term vision...
Andrada Mining’s subsidiary, Uis Tin Mining Company (UTMC), has entered into a N$175 million conditional credit agreement with Bank Windhoek. If agreed upon, the facilities will replace UTMC’s current Standard Bank Namibia banking facilities of N$111,3 million, with Bank Windhoek set to provide all main transactional banking services to UTMC in Namibia. The proceeds from...
The University of Namibia (Unam) solar project has secured financing of N$65 million from the Development Bank of Namibia and Old Mutual. The solar project is a joint venture between Alensy Energy Solutions and Inceptus Holding (Inceptus Energy). The project is set to boost sustainable energy utilisation in Namibia with a 3,68 MW solar PV...
Martin Endjala Inceptus Energy, a public-private partnership between Alensy Energy Solutions and Inceptus Holding, the business arm of the University of Namibia (UNAM), has announced that it has successfully secured an estimated N$65 million in funding from the Development Bank of Namibia (DBN) and Old Mutual Namibia for a groundbreaking solar project at UNAM. The...
Inceptus Energy has secured financing for the University of Namibia (UNAM) N$65 million solar project from the Development Bank of Namibia (DBN) and Old Mutual Namibia. The project, whose construction commenced in Quarter 2 of 2023 and is on track for completion by the end of Quarter 1, 2024, boasts an installed solar PV capacity...