Namibia’s Renewable Energy Potential Unveiled

Key Figures & Findings: Namibia’s rich solar and wind resources hold the potential to drive sustainable growth, as highlighted in the International Energy Agency’s (IEA) latest report, Renewable Energy Opportunities for Namibia. This analysis, conducted in collaboration with Namibia’s Ministry of Mines and Energy, emphasizes how renewable projects could transform Namibia's energy sector and reduce its dependency on electricity imports. At African Energy Week 2024, IEA Deputy Executive Director Mary Burce Warlick expressed confidence in Namibia’s renewable promise, stating that targeted investments could bring significant socio-economic benefits to Namibians. Minister of Mines and Energy Tom Alweendo echoed this sentiment, underscoring the national priority to harness these renewable resources for long-term prosperity.

Statistics & Insights: Namibia’s renewable energy sector could reduce electricity imports and cut consumer costs by expanding solar and wind projects, which benefit from the country’s consistent sunlight and high wind speeds. The mining sector, which uses 21% of Namibia’s electricity, stands to gain from lower energy costs and reduced emissions through renewable integration.

Future Implications: If Namibia successfully secures affordable financing and builds long-term trade partnerships, it could establish a low-emission hydrogen industry, providing jobs and attracting significant investment by 2030. With supportive policies, Namibia could also address energy access in rural areas through off-grid solutions, positioning itself as a regional leader in clean energy.

Source: EV Wind