Namibia’s energy sector presents a unique opportunity for investors seeking to tap into Africa and the world’s growing energy demand. As a country with abundant natural resources and a stable political environment, Namibia is well-positioned to emerge as a key player in the continent’s energy market.
Namibia’s energy mix is composed of renewable and non-renewable energy sources including green hydrogen and ammonia, oil and gas, wind, solar and biomass. In recent years, Namibia has made significant strides in developing its renewable energy sector, with several large-scale projects currently in operation or under construction.
The energy resources available in Namibia are: Green hydrogen and ammonia, Oil and gas, Solar, Wind, Indigenous gas resources, Hydropower, Coal, Biomass, Geothermal.
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The main players in the electricity supply industry (ESI) are the:
The legal framework of the energy sector is set by the Electricity Act 2007. It requires the regulator (ECB) to recommend to the MME the issuance of a licence, and the Minister approves the licences (new, suspension or cancellation). ECB approves the PPA tariff of new IPP licences.
Two Bills, currently with Parliament, could significantly impact the development of the electricity market and in particular the procurement and licensing of power generation projects:
Under the Electricity Bill, ECB will become the Namibia Energy Regulatory Authority (NERA).
The new Electricity Bill sees the introduction of the licensing for the storage of electricity; system operator; and market operator.
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Namibia’s government is actively working to attract foreign investment in the energy sector, offering a range of incentives to companies interested in developing renewable energy projects in the country. These include tax breaks, subsidies, and streamlined regulatory processes.
One key advantage of investing in Namibia’s energy sector is its proximity to South Africa, which is one of the continent’s largest energy consumers. This presents a unique opportunity for investors to tap into a rapidly growing market, with the potential for long-term, sustainable returns.
Sound financial system: Namibia boasts a stable financial system that offers a range of investment opportunities, making it an ideal destination for investors seeking to diversify their portfolios.
Strong macroeconomic framework: With a stable currency and low inflation rate, Namibia provides investors with a conducive environment for long-term investment planning and sustainable returns.
Commitment to fostering a conducive business environment: Namibia’s government has shown a strong commitment to creating a business-friendly environment, offering a range of incentives and streamlined regulatory processes to attract foreign investment.
Good governance, peace and stability: With a history of peace and stability, Namibia provides investors with a safe and secure environment to conduct business, minimizing the risk of disruption to their operations.
Globally competitive infrastructure: Namibia’s infrastructure is globally competitive, with world-class ports, airports, and road networks, making it an ideal location for investors seeking to establish logistics or manufacturing operations.
Young, educated and trainable workforce: Namibia’s workforce is young, educated and trainable, providing investors with access to a skilled labor pool that can support their operations and drive growth.
Access to markets: With access to key regional markets such as South Africa and Angola, Namibia offers investors a gateway to one of the fastest-growing regions in the world, providing access to a growing customer base and expanding market opportunities.