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Usakos Solar PV (10 MW) - Namibia

  • Project Type: Utility-scale Solar PV (tracker design) with future BESS integration
  • Location: Usakos, Erongo Region, Namibia
  • Capacity: 10 MW total planned capacity
  • Status: Advanced development-stage project (Bankability readiness score 74%, target Investor Relaunch – Q3 2026)

The Usakos Solar Energy Platform is a 10 MW utility-scale solar PV project in Usakos, Namibia, structured as a phased development combining domestic utility supply with future participation in regional power markets.

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Challenges & Solutions

Usakos is designed to strengthen Namibia’s energy security by delivering clean power and reducing reliance on imported electricity, while progressing bankability workstreams to confirm grid, route-to-market, and financial close readiness.

Solar PV Plant
Battery Storage (BESS)
Grid & Offtake
Challenges :
  • Final grid capacity confirmation and connection approvals still required
  • Tariff finalisation + route-to-market selection still to be concluded (utility/C&I/SAPP)
  • EPC route and pricing still pending, with execution timing risk
  • Legal review & due diligence refresh underway (rights/contracts/permits)
  • Financial model refresh + capital raising required to relaunch investors and reach close
Solutions :
  • Land & site control completed via long-term land lease framework
  • Technical design completed (layouts/engineering concepts) + PVsyst modelling completed
  • Grid connection concept completed, with scope and integration concept developed
  • Multiple offtake pathways identified: utility/municipal, C&I, mining demand, future SAPP participation
  • SPV established to ring-fence governance and contracting for equity/debt raise
Result
Power Rating
10 MW
Year 1 Energy

14,553 MWh/yr

Capacity Factor

29.1%

Specific Yield

2,427 kWh/kWp/yr

Total CAPEX

~USD 12.5m

Equity IRR

18.57%