Image: Business photo created by jcomp – www.freepik.com“>Jcomp via Freepik
The Development Bank of Namibia (DBN) has approved the financing for the construction of the Rosh Pinah Solar Park (RPSP), a 5.4 MW solar project to be located adjacent to the Rosh Pinah zinc and lead mine in Namibia. Located in the southern Namibian region of Karas, the plant will power the mine, reducing operating costs while improving the mine’s sustainability.
Run by Namibian energy companies Otesa Energy, responsible for the plant’s construction, and Emesco Energy, responsible for the development of the plant, the RPSP will usher in a new era of diversity and energy security for the mine.
The solar park’s Director and Shareholder, Elmo Kalyamo, noted that during the 15-year Power Purchase Agreement, the solar park will contribute 30% of the mine’s power while reducing carbon emissions by 6%.
“By financing renewable energy generated by Independent Power Producers, DBN aims to reduce cash flows out of the country, increase the amount of locally generated electricity, and reduce future costs associated with developing and maintaining cross-border transmission infrastructure,” the DBN said in a statement.