Unam invests in solar

If knowledge is power, then a partnership to benefit from an abundance of power to make money for the dissemination of knowledge is only logical. The University of Namibia (Unam) has formed Inceptus Energy, a public-private partnership between Alensy Energy Solutions and the university's business arm Inceptus Holdings, and recently announced a successful financial close with the Development Bank of Namibia (DBN) and Old Mutual Namibia for a ground-breaking solar project. The project boasts an installed solar photovoltaic (PV) capacity of 3.68 megawatts (MW), along with a 657 kilo-volt-amperes (kVA) peak shaving solution. Developed by Alensy, the project showcases the fruitful collaboration between the public and private sectors in advancing renewable energy objectives. "As a leading investor, developer, contractor and ecosystem player in Namibia's renewable energy sector, we are proud to contribute to this innovative project," Norbert Dörgeloh, CEO of Alensy, said. "Together with our partners, we are driving positive change and creating a brighter future for Namibia."According to Christoff Bauernschmitt, head of alternative investments at Old Mutual, "investing in renewable energy projects like this is not only beneficial for the environment, but also for our economy"."We are thrilled to be part of this initiative that aligns with our commitment to sustainable development," he added.On trackConstruction on the project commenced in 2023 and is on track for completion this year. "The financing of this project represents DBN’s concerted focus towards financing green industrialisation and infrastructure development in a sustainable manner," Hellen Amupolo, head of investments at the bank, said. "By supporting renewable energy initiatives, we are not only fostering job creation, but also cementing the groundwork for a green and industrialised Namibia," she noted.IJG Capital arranged both debt and equity for the transaction. "IJG's expertise and commitment were instrumental in facilitating the financing and ensuring the project's successful execution," Jakob de Klerk, managing director at IJG, said. "We are proud to support initiatives that drive sustainable development and contribute to Namibia's energy transition."Evaristus Evaristus, CEO of Inceptus, said the project is a testament to the university's dedication to sustainability. And according to Unam vice-chancellor Professor Kenneth Matengu, Inceptus Energy's investment in the renewable energy plant not only reduces the university's dependence on non-renewable energy, but also reduces energy expenses, and generates savings.

Unam invests in solar

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Republikein 2025-05-01

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Unam invests in solar

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