Madrid/Spain-Windhoek/Namibia, 23 May, 2017.- ALTEN Energías Renovables has won the tender put out by NamPower, Namibia’s state electricity company, to develop, execute and operate what will be, as of today, the biggest photovoltaic solar power plant in Namibia and Sub-Saharan Africa (apart from South Africa), with installed capacity of 45.5 MWp, an investment forecast at US$45M and a useful life of 25 years. The power produced by the new plant will meet 3% of the country’s energy needs. In addition to commissioning the project, NamPower is also an investor, with a 19% stake.
Alten Renewable Energy, in partnership with Cubico, Canadian firm owned by the Ontario Teacher's Pension Plan and the Public Sector Pension Investment Board funds, will install 290 MW (348 MWp) in total, divided in two photovoltaic power plants with 150 MW and 140 MW respectively. Both are in the state of Aguascalientes (Mexico), in the municipality of El Llano. The first will be operational in September 2018 and the second in June 2019.
The International Finance Corporation (IFC), a member of the World Bank Group, yesterday signed a Joint Development Agreement with Alten’s Middle Band Solar One Limited, a Nigerian solar power project company, to co-develop a 120-megawatt peak photovoltaic solar power project with a consortium of developers.