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Namibia inks game-changing wind farm deal in Paris
Namibia inks game-changing wind farm deal in Paris

Namibia inks game-changing wind farm deal in Paris

The Ministry of Environment and Tourism has signed an agreement at a global climate change conference in Paris to set up a 150 megawatt (MW) wind farm in the Sperrgebiet National Park. The memorandum of understanding (MoU) was signed between the ministry and InnoSun - a subsidiary of French company InnoVent - during a side event at the 21st session of the Conference of the Parties (COP21) of the United Nations Framework Convention on Climate Change (UNFCCC). Environment and Tourism Minister, Pohamba Shifeta, said the occasion marks the start of a new era for Namibia, during which the country will exploit its abundant renewable energy resources to the fullest, for its development. According to Shifeta, Namibia’s climate and environment provides one of the most fertile grounds for renewable energy in the world. He said Namibia has one of the best solar regimes, with over 3 300 hours of sunshine per year and its 1 500km coastline has excellent potential for wind-based electricity generation. Namibia also has one of the lowest pollution densities in the world, with vast tracks of unused land available for the establishment of large-scale renewable energy infrastructure. “We encourage private investors to take advantage of these opportunities and we expect this memorandum to be just the beginning,” said Shifeta. He said Namibia and the SADC region in general is facing an energy crisis, and renewable energy is one of the key solutions to this challenge. Shifeta said Namibia has therefore committed in its Intended Nationally Determined Contributions (INDCs) to increase its share of renewable energy in electricity production to 70% by 2030. Shifeta said that Namibia can even move beyond this, with adequate support from investors. “To the potential investors out there, I assure you that your investment will be facilitated, your investment will be protected and hopefully your investment will generate returns and will be utilised to transform our nation’s development,” he added. ELLANIE SMIT

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Namibian Sun 2024-04-28

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Premier League: Aston Villa 2 vs 2 Chelsea | Everton 1 vs 0 Brentford | Wolves 2 vs 1 Luton Town | Fulham 1 vs 1 Crystal Palace | Manchester United 1 vs 1 Burnley | Newcastle 5 vs 1 Sheffield United | West Ham 2 vs 2 Liverpool | Brighton 0 vs 4 Manchester City LaLiga: Atletico Madrid 3 vs 1 Athletic Club | Deportivo Alaves 3 vs 0 Celta Vigo | Almería 1 vs 3 Getafe | Las Palmas 0 vs 2 Girona | Real Sociedad 0 vs 1 Real Madrid SerieA: SS Lazio 1 vs 0 Hellas Verona | Juventus 0 vs 0 AC Milan | Lecce 1 vs 1 Monza | Frosinone 3 vs 0 Salernitana | Udinese 1 vs 2 AS Roma European Championships Qualifying: Hull City 3 vs 3 Ipswich Town | Millwall FC 1 vs 0 Plymouth Argyle | Blackburn Rovers 0 vs 0 Coventry City | Watford 1 vs 0 Sunderland | Bristol City 2 vs 0 Rotherham United | Huddersfield Town 1 vs 1 Birmingham City | Sheffield Wednesday 3 vs 0 West Bromwich Albion | Norwich City 2 vs 2 Swansea City | Cardiff City 1 vs 4 Middlesbrough | Southampton 0 vs 1 Stoke City | Queens Park Rangers 4 vs 0 Leeds United English Championship: Hull City 3 vs 3 Ipswich Town | Millwall FC 1 vs 0 Plymouth Argyle | Blackburn Rovers 0 vs 0 Coventry City | Watford 1 vs 0 Sunderland | Bristol City 2 vs 0 Rotherham United | Huddersfield Town 1 vs 1 Birmingham City | Sheffield Wednesday 3 vs 0 West Bromwich Albion | Norwich City 2 vs 2 Swansea City | Cardiff City 1 vs 4 Middlesbrough | Southampton 0 vs 1 Stoke City | Queens Park Rangers 4 vs 0 Leeds United Katima Mulilo: 13° | 30° Rundu: 13° | 31° Eenhana: 15° | 33° Oshakati: 17° | 32° Ruacana: 15° | 33° Tsumeb: 16° | 30° Otjiwarongo: 15° | 29° Omaruru: 16° | 32° Windhoek: 15° | 27° Gobabis: 15° | 28° Henties Bay: 20° | 33° Wind speed: 17km/h, Wind direction: S, Low tide: 11:40, High tide: 05:39, Low Tide: 23:58, High tide: 18:14 Swakopmund: 18° | 25° Wind speed: 19km/h, Wind direction: SW, Low tide: 11:38, High tide: 05:37, Low Tide: 23:56, High tide: 18:12 Walvis Bay: 21° | 32° Wind speed: 25km/h, Wind direction: SW, Low tide: 11:38, High tide: 05:36, Low Tide: 23:56, High tide: 18:11 Rehoboth: 18° | 29° Mariental: 20° | 32° Keetmanshoop: 21° | 32° Aranos: 19° | 31° Lüderitz: 20° | 38° Ariamsvlei: 20° | 33° Oranjemund: 16° | 35° Luanda: 26° | 31° Gaborone: 13° | 26° Lubumbashi: 11° | 24° Mbabane: 9° | 23° Maseru: 11° | 24° Antananarivo: 15° | 22° Lilongwe: 15° | 26° Maputo: 16° | 27° Windhoek: 15° | 27° Cape Town: 14° | 23° Durban: 15° | 27° Johannesburg: 14° | 24° Dar es Salaam: 24° | 30° Lusaka: 14° | 25° Harare: 10° | 25° Currency: GBP to NAD 23.44 | EUR to NAD 20.1 | CNY to NAD 2.59 | USD to NAD 18.8 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.32 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.7 | ZWL to NAD 0.04 | BRL to NAD 3.66 | RUB to NAD 0.2 | INR to NAD 0.23 | USD to DZD 134.22 | USD to AOA 834.06 | USD to BWP 13.79 | USD to EGP 47.85 | USD to KES 134.48 | USD to NGN 1329.44 | USD to ZAR 18.78 | USD to ZMW 26.5 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 75370.99 Up +1.40% | Namibian Stock Exchange (NSX) Overall Index 1673.12 Up +1.85% | Casablanca Stock Exchange (CSE) MASI 13354.97 Up +0.06% | Egyptian Exchange (EGX) 30 Index 25917.59 Down -3.21% | Botswana Stock Exchange (BSE) DCI 9142.54 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 338.05/OZ UP +0.31% | Copper US$ 4.54/lb UP +0.71% | Zinc US$ 2 869.50/T UP 0.15% | Brent Crude Oil US$ 88.96/BBP UP +0.08% | Platinum US$ 913.47/OZ DOWN -0.0026 Sport results: Premier League: Aston Villa 2 vs 2 Chelsea | Everton 1 vs 0 Brentford | Wolves 2 vs 1 Luton Town | Fulham 1 vs 1 Crystal Palace | Manchester United 1 vs 1 Burnley | Newcastle 5 vs 1 Sheffield United | West Ham 2 vs 2 Liverpool | Brighton 0 vs 4 Manchester City LaLiga: Atletico Madrid 3 vs 1 Athletic Club | Deportivo Alaves 3 vs 0 Celta Vigo | Almería 1 vs 3 Getafe | Las Palmas 0 vs 2 Girona | Real Sociedad 0 vs 1 Real Madrid SerieA: SS Lazio 1 vs 0 Hellas Verona | Juventus 0 vs 0 AC Milan | Lecce 1 vs 1 Monza | Frosinone 3 vs 0 Salernitana | Udinese 1 vs 2 AS Roma European Championships Qualifying: Hull City 3 vs 3 Ipswich Town | Millwall FC 1 vs 0 Plymouth Argyle | Blackburn Rovers 0 vs 0 Coventry City | Watford 1 vs 0 Sunderland | Bristol City 2 vs 0 Rotherham United | Huddersfield Town 1 vs 1 Birmingham City | Sheffield Wednesday 3 vs 0 West Bromwich Albion | Norwich City 2 vs 2 Swansea City | Cardiff City 1 vs 4 Middlesbrough | Southampton 0 vs 1 Stoke City | Queens Park Rangers 4 vs 0 Leeds United English Championship: Hull City 3 vs 3 Ipswich Town | Millwall FC 1 vs 0 Plymouth Argyle | Blackburn Rovers 0 vs 0 Coventry City | Watford 1 vs 0 Sunderland | Bristol City 2 vs 0 Rotherham United | Huddersfield Town 1 vs 1 Birmingham City | Sheffield Wednesday 3 vs 0 West Bromwich Albion | Norwich City 2 vs 2 Swansea City | Cardiff City 1 vs 4 Middlesbrough | Southampton 0 vs 1 Stoke City | Queens Park Rangers 4 vs 0 Leeds United Weather: Katima Mulilo: 13° | 30° Rundu: 13° | 31° Eenhana: 15° | 33° Oshakati: 17° | 32° Ruacana: 15° | 33° Tsumeb: 16° | 30° Otjiwarongo: 15° | 29° Omaruru: 16° | 32° Windhoek: 15° | 27° Gobabis: 15° | 28° Henties Bay: 20° | 33° Wind speed: 17km/h, Wind direction: S, Low tide: 11:40, High tide: 05:39, Low Tide: 23:58, High tide: 18:14 Swakopmund: 18° | 25° Wind speed: 19km/h, Wind direction: SW, Low tide: 11:38, High tide: 05:37, Low Tide: 23:56, High tide: 18:12 Walvis Bay: 21° | 32° Wind speed: 25km/h, Wind direction: SW, Low tide: 11:38, High tide: 05:36, Low Tide: 23:56, High tide: 18:11 Rehoboth: 18° | 29° Mariental: 20° | 32° Keetmanshoop: 21° | 32° Aranos: 19° | 31° Lüderitz: 20° | 38° Ariamsvlei: 20° | 33° Oranjemund: 16° | 35° Luanda: 26° | 31° Gaborone: 13° | 26° Lubumbashi: 11° | 24° Mbabane: 9° | 23° Maseru: 11° | 24° Antananarivo: 15° | 22° Lilongwe: 15° | 26° Maputo: 16° | 27° Windhoek: 15° | 27° Cape Town: 14° | 23° Durban: 15° | 27° Johannesburg: 14° | 24° Dar es Salaam: 24° | 30° Lusaka: 14° | 25° Harare: 10° | 25° Economic Indicators: Currency: GBP to NAD 23.44 | EUR to NAD 20.1 | CNY to NAD 2.59 | USD to NAD 18.8 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.32 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.7 | ZWL to NAD 0.04 | BRL to NAD 3.66 | RUB to NAD 0.2 | INR to NAD 0.23 | USD to DZD 134.22 | USD to AOA 834.06 | USD to BWP 13.79 | USD to EGP 47.85 | USD to KES 134.48 | USD to NGN 1329.44 | USD to ZAR 18.78 | USD to ZMW 26.5 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 75370.99 Up +1.40% | Namibian Stock Exchange (NSX) Overall Index 1673.12 Up +1.85% | Casablanca Stock Exchange (CSE) MASI 13354.97 Up +0.06% | Egyptian Exchange (EGX) 30 Index 25917.59 Down -3.21% | Botswana Stock Exchange (BSE) DCI 9142.54 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 338.05/OZ UP +0.31% | Copper US$ 4.54/lb UP +0.71% | Zinc US$ 2 869.50/T UP 0.15% | Brent Crude Oil US$ 88.96/BBP UP +0.08% | Platinum US$ 913.47/OZ DOWN -0.0026