- Novamem plans to invest N$36 million to develop two solar projects.
- The project will generate 317kW monthly.
The Luderitz-based company, NovaNam is set to invest N$36 million in two solar photovoltaic projects in Namibia. The project aims to increase the country’s renewable energy development.
SolarSaver, a Namibian company, will install the solar plant. It will generate 317kW per month and decrease the company’s annual CO2 emissions by 3.932 tons and a reduction of 2.393 barrels of oil yearly.
“The solar project will bring value-addition at our hake-processing plants in Lüderitz and Walvis Bay, respectively. This is against the backdrop of Namibia’s poise to becoming a global player in renewable energy and the United Nations Sustainable Development Goal 7 for 2030,” said NovaNam’s managing director Edwin Kamatoto in a press statement.