Namibia Boosts Renewables to Slash Electricity Imports

• Namibia boosts energy independence with a 93 MW renewable expansion by 2026, aiming for 70% renewables by 2030, reducing imports and enhancing energy security.

Namibia plans to expand its renewable energy capacity by 93 megawatts by 2026 to reduce reliance on electricity imports, which currently account for about 60% of its supply. The country aims to increase the share of renewables in its energy mix from 21% to 70% by 2030. This initiative is part of a broader strategy to lower electricity costs and enhance energy security, as stated by Robert Kahimise, CEO of the Electricity Control Board.

The country is implementing a modified single-buyer system, allowing large power users to purchase electricity directly from private producers, thereby attracting investment. Additionally, the Electricity Control Board approved a 3.8% increase in bulk power tariffs effective July 1, supported by a N$283 million ($15.5 million) government subsidy, raising the average tariff to N$2.0611 per kilowatt-hour.

How will Namibia's renewable energy expansion impact its electricity import reliance by 2026?

• Namibia's renewable energy expansion is expected to significantly reduce its reliance on electricity imports by 2026, decreasing the current 60% import dependency.
  
• The increase in domestic renewable energy capacity will enhance energy security and reduce vulnerability to external supply disruptions.
  
• By expanding renewable energy, Namibia aims to stabilize and potentially lower electricity costs, benefiting consumers and businesses.
  
• The shift towards renewables will likely attract foreign and domestic investment, boosting the local economy and creating job opportunities.
  
• The modified single-buyer system will encourage competition and efficiency in the energy market, further reducing import reliance.
  
• As Namibia increases its renewable energy share, it will contribute to global efforts in reducing carbon emissions and combating climate change.
• The government's support through subsidies and tariff adjustments will facilitate the transition and make renewable energy projects more financially viable.
• By 2026, Namibia's progress in renewable energy could serve as a model for other countries in the region looking to reduce import reliance and enhance energy independence.