Italy’s Enertronica acquires 6MW solar plant in Namibia

Facebook
Twitter
LinkedIn
Reddit
Email
he incentive tariff for the photovoltaic farm will be valid for 25 years and it will be equal to 1,37 Namibian dollars for every kWh produced. Source: Flickr - NASA Goddard Space Flight Center

Italian renewable energy firm Enertronica has acquired a US$7.98 million 6MW PV plant in Namibia, under a 25-year PPA with NamPower, at an initial value of 1.37 Namibian dollars per kWh (US$0.090 per kWh).

The project was carried out through Enertronica acquiring 70% of Sertum Energy Namibia, a special-purposes company in possession of the authorisation securities and the incentive tariff signed with NamPower.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Enertronica itself is responsible for providing, in EPC modality, the plant with an investment that will be financed by local banks, according to the company. The US$7.96 million investment (€7 million) should be achieved by the end of this year. The EPC of the plant will be taken care of by Enertronica’s South African subsidiary, who is currently building two PV plants in South Africa with a combined capacity of around 177MW. The balance of systems, including mono-axial tracking systems, will be provided by the EMS Pty company, an offshoot of the Enertronica Group.

Vito Nardi, Enertronnica CEO said in a statement: “By achieving this operation, Enertronica starts a new business line. Being understood that the group will always focus on the realization on behalf of third parties, in EPC modality, of large photovoltaic power plants, Enertronica, through this acquisition, starts building its own plants that will later be placed on a secondary market. The construction of these plants will have a synergistic effect on all the companies of the group and will allow an increase in the margins associated to the construction phase. Moreover, important gains will be expected during a potential assets sale. Focusing on this subject, it is highly likely that similar opportunities will be seized by Enertronica and by the other Group companies in 2016.”

Read Next

Subscribe to Newsletter

Upcoming Events

Solar Media Events
April 10, 2024
Dallas, Texas USA
Solar Media Events
April 17, 2024
Lisbon, Portugal
Solar Media Events
May 1, 2024
Dallas, Texas
Solar Media Events
May 21, 2024
Napa, USA