Namibia’s listed renewable energy producer Alpha Namibia Industries Renewable Power Limited (ANIREP) has significantly expanded its solar generation capacity, nearly tripling electricity output during the 2026 financial year as the company scales up domestic clean energy production.
Electricity generation increased from 23.1 GWh to 68.1 GWh following the commissioning of the 25 MWp Moses Mague ǁGaröeb Khan Solar PV Plant and the refurbishment of part of the Otjiwarongo Solar PV Plant, lifting installed generation capacity from 13 MWp to 38 MWp.
The expansion contributed to a 60% increase in electricity sales to N$62.1 million (US$3.5 million) and a 36% rise in total revenue to N$95.4 million (US$5.4 million).
Gross profit climbed 43% to N$81.4 million (US$4.6 million), while operating cash flow turned positive at N$15.1 million (US$860,000) after improving by more than N$53 million year-on-year.
The company said recurring electricity sales now account for 65% of total revenue, underpinned by long-term power purchase agreements with Namibia’s national utility NamPower and regional electricity distributor CENORED, both extending until 2051.
Despite the improved operational performance, ANIREP reported a statutory loss after recognising a N$40.2 million (US$2.3 million) non-cash impairment related to goodwill and power generation assets.
The company said the impairment was an accounting adjustment linked to the timing of future revenue assumptions and does not affect plant performance, electricity production or cash generation.
Managing Director Iyaloo Ya Nangolo said the results demonstrate that the company’s renewable energy platform has reached commercial scale.
“Our generation portfolio has expanded significantly and the business is increasingly being driven by recurring electricity revenue. Operating cash flows turning positive signals that our renewable energy platform has matured into a cash-generative business,” Nangolo said.
ANIREP’s next growth phase includes the expansion of its Otjiwarongo Solar PV Plant by 7.69 MWp and the installation of Namibia’s first utility-scale 2 MW/10 MWh Battery Energy Storage System (BESS). Once commissioned, the projects will increase the company’s installed renewable energy capacity to approximately 46 MWp, improving grid stability and enabling greater integration of renewable power into Namibia’s electricity system.
The expansion comes as Namibia accelerates investment in domestic renewable energy to reduce dependence on imported electricity and strengthen long-term energy security while supporting regional decarbonisation efforts.
