Battery storage financing Namibia

How will a World Bank loan help Namibia?

The World Bank loan, together with NamPower’s own resources, will fund the Auas-Kokerboom transmission line. Besides facilitating the integration of large-scale renewable energy in Namibia’s generation mix, the battery storage system will also help reduce imports, improve grid stability and help manage its demand peaks.

What grants will be used to build a battery storage facility?

Grant funding from the IBRD Fund for Innovative Global Public Goods Solutions and the GCF will be used for developing the utility-scale battery storage facility. The World Bank loan, together with NamPower’s own resources, will fund the Auas-Kokerboom transmission line.

Why is NamPower a major investment in Namibia's electricity network?

“NamPower welcomes the financing approval of the project, as this is one of the major strategic and crucial investments towards Namibia’s electricity transmission network. NamPower will be able to maintain pace with evolving and increasing electricity needs of the country.

What is Namibia's Energy Initiative?

The initiative, which is Namibia’s first-ever World Bank financed energy project, will be implemented by NamPower, with the aim of minimising outage risks, supporting load growth, and unlocking future opportunities for power trade in the Southern African Power Pool.