Namibia spends US$470k on solar energy technologies

Namibia has spent about 6.6 million Namibian dollars (470, 000 U.S. dollars) to subsidize 3,058 renewable energy technologies in the 2014-2015 financial year.


This money was taken from the Solar Revolving Fund set up in 2011 that receives about 7.9 million Namibian dollars (560, 000 U.S. dollars) per year.

The revolving fund subsidizes the acquisition of renewable energy technologies such as solar home energy units, solar geysers and solar water pumps.

An acting deputy director in the mines and energy ministry Nico Snyder said Thursday that in October alone about 250 systems were acquired.

In addition, Namibia has also helped setting up energy shops in the 14 regions of the country where, according to Snyder, people submit applications for solar funding.

He said more than 1, 000 applications have so far been received through the energy shops and that 243 systems have received funding.

Solar home systems and water pumps as well as water heaters, Snyder said, are in demand and that government was focusing on providing these.

“The main aim for the ministry focusing on solar home systems is that it wants to cater for the basic electricity needs for those households that cannot be connected to the grid network,” Snyder said. Enditem.


Send your news stories to Follow News Ghana on Google News


Please enter your comment!
Please enter your name here