More articles in this category
Top Stories

The RCC board chairperson Fritz Jacobs has told The Villager that he welcomes the Cabinet Committee on Overall Policy and Priorities’ (CCOPP...

The Ovaherero paramount chief, Vekuii Rukoro has proposed that the recently discovered Ovaherero and Nama human remains should be kept in the Unit...

The Oshakati Town Council in partnership with Oshakati Premier Electric (OPE) has launched a pilot phase of national support tariff mechanism with...

Analysts have voiced their concern over the latest move to place the Roads Contractor Company (RCC) under administrative management saying that wh...

  Michael Gaweseb, a NamWater director, has written to the board urging them to discipline the Chief Executive Officer Dr Vaino Shivute ov...

Namibia Equity Brokers (NEB) analyst Ngoni Bopoto has said GRN is well on course in its efforts to bring down debt to manageable levels judging by...

Other Articles from The Villager

SB finances multi-million dollar Solar Power Plant

Mon, 25 January 2016 22:49
by Villager Reporter
Business


HopSol Power Generation (Pty) Ltd 5.6 MW Solar Photovoltaic (PV) plant commissioned in Otjiwarongo, Namibia in November 2015 

Last month, Standard Bank signed a N$170-million term loan with HopSol Power Generation, the leader in Solar PV installations and operation in the country.

This agreement has made SB the first commercial bank in Namibia to finance a multi-million dollar solar power generation.

SB’s Head of Commercial Property Finance Manus Grobler, emphasised the Bank’s commitment to the renewable energy initiative in Namibia.

“We are committed to sustainability through growth and developing Namibia’s natural resources by supporting renewable power initiatives,” he said.

The Chief Executive Officer of HopSol Power Generation, Dr Robert Hopperdietzel said that there would be more solar energy development across the country.

“We are looking for a long term partnership of N$800-million finance over a period of 3 to 4 years for our solar plants in the country. Commissioning for this facility already started during the last week of November 2015 and the project was already up and running by the 24th of that month. So there is a lot more business we can do together,” he said.