Alpha Namibia Industries Renewable Power (ANIREP) has completed the acquisition of a 45% equity stake in Cerim Lüderitz Energy (Pty) Ltd for N$60 million after meeting all conditions required for the deal.
The Namibia Securities Exchange-listed company said the necessary approvals from Namibia Power Corporation (NamPower) and the Electricity Control Board (ECB) had been secured.
ANIREP confirmed that the sales and purchase agreement had been signed and that the due diligence process was complete.
Cerim Lüderitz Energy is developing a 50 MW wind power plant located 17 kilometres south of Lüderitz in the ǁKaras Region.
The project will cover 743 hectares and includes the construction of a 40 km, 132 kV transmission line to connect to the Namib substation. Commercial operations are expected to begin within 18 months of reaching financial close.
The project is supported by a 25-year power purchase agreement with NamPower, a land lease agreement within the Tsau ǁKhaeb National Park, an environmental clearance certificate, and a transmission connection agreement.
ANIREP said the acquisition would strengthen its renewable energy portfolio, which is expected to exceed 90 MWp of installed capacity once the wind project is operational. The company noted that the development would help address the country’s limited energy supply, rising electricity costs, and growing demand.
ANIREP said the wind farm is expected to deliver an annual wind availability of around 4,300 hours, which it described as significantly above the industry average of 2,500 to 3,000 hours. The company added that the project is aligned with the targets set out in Namibia’s Integrated Resource Plan and the Fifth National Development Plan (NDP5), which aim for 70% renewable energy generation by 2030.
ANIREP is also planning to develop a 100 MW solar farm near the Kokerboom substation in Keetmanshoop.
The company said it has secured a 250-hectare site and obtained an environmental clearance certificate for the project.
The proposed solar development will supply renewable energy to contestable customers under the Modified Single Buyer (MSB) framework, which allows large electricity users to source up to 30% of their power directly from independent power producers (IPPs).
According to the ECB, there are currently 35 registered contestable customers in Namibia, with a combined demand of over one million megawatt hours.
ANIREP was previously selected as the preferred bidder to supply 18.5 MW to a mining smelter but will no longer pursue that opportunity. The company said it is now working to secure new contestable customers to take up capacity from the Kokerboom project in phases.
ANIREP Managing Director Iyaloo Ya Nangolo said the Kokerboom project would significantly expand the company’s renewable energy portfolio.
“With direct access to transmission infrastructure, the site is also well-suited for future integration of Battery Energy Storage Systems (BESS) to support grid stability and enable dispatchable supply to contestable customers under the MSB framework and the broader SAPP market,” he said.
Ya Nangolo said the project builds on ANIREP’s existing investments, including the Moses ǁGaroëb Khan 25 MWp solar PV plant and the Cerim wind project.
“Completion of the Kokerboom project will bring ANIREP’s total renewable energy capacity to over 190 MWp,” he said.
He added, “Backed by a robust equity base and access to capital through the N$5 billion Green Bond listed in 2024, ANIREP is well positioned to fund this and future developments across Namibia and the region.”
Meanwhile, ANIREP has secured the Certificate of Compliance from NamPower for the grid connection of the Moses ǁGaroëb Khan solar plant.
The company said this certification allows the plant to legally operate and supply electricity to the national grid.
Full-scale operations at the Khan solar plant have now commenced and are expected to contribute meaningfully to ANIREP’s revenue while supporting Namibia’s renewable energy targets.
