Chinese-Namibian JV to develop 50 MW wind power plant
24 April 2023
Namibia state-owned NamPower and CERIM Luderitz Energy, a joint venture between Energy China and locally-owned Riminii Investments, have signed power purchase and development agreements for a 50-megawatts (MW) wind power plant in Luderitz, southwestern Namibia.
The proposed wind power plant will be built for 1.4 billion Namibian dollars ($96.4 million) and is expected to be ready within 27 months.
The commercial operation is expected by July 2025, China’s Xinhua News Agency reported, citing NamPower’s statement.
CERIM Luderitz Energy will be responsible for the complete development of the power plant, including financing, construction, operation, and maintenance.
On the other hand, NamPower will be the exclusive offtaker of electricity generated from the plant through a power purchase agreement term of 25 years.
Related
-
Serbia’s EPS plans to build 500 MW of wind farms with strategic partner
7 September 2025
-
HiTHIUM signed supply agreement for 3GWh BESS project across Europe
6 September 2025
-
Syria signs agreement with Acwa Power for 2.5GW renewables
5 September 2025
-
Local/Saudi joint venture wins Oman industrial city deal
2 September 2025
-
Sacyr awarded €245 million real estate development contracts in Spain
1 September 2025
-
Ferrovial to develop 250 MW solar facility in Texas
1 September 2025