Friday, July 31, 2026
SUBSCRIBE
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • E-PAPERreader
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • E-PAPERreader
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
Subscribe
No Result
View All Result
DSTV WC26 Campaign
Home Business & Economy

Kaoko, AW-Energy ink Namibia wave energy development agreement

by editor
May 2, 2023
in Business & Economy
7
A A

Kaoko Green Energy Solutions has signed a Memorandum of Understanding (MoU) with a Finnish technology company, AW-Energy, to develop renewable energy from wave energy from the 1,300km long coastline of Namibia. 

The duo is in the process of carrying out an Environmental and Social Impact Assessment (ESIA) for the /hao Pilot project to utilise the power of Namibia’s coastal waves to generate electricity using WaveRoller devices.

This comes as Kaoko Green Energy Solutions aims to develop a green hydrogen hub in the Kunene Region, as well as AW-Energy’s newest enhancement of their WaveRoller technology.

According to Christopher Ridgewell, CEO of AW-Energy, Namibia is well positioned to realise the potential of wave energy in green hydrogen production due to its dynamic and consistent wave resource.

“The partnership with Kaoko is exciting. We’re enjoying working with Kaoko’s innovative team to support Namibia’s sustainability goals and it is an initiative that provides an excellent environment for deploying WaveRoller technology into Namibia’s energy mix. We are looking forward to taking the next steps together and demonstrating WaveRoller’s value in green hydrogen production,” he said.

He added that it is an effort that promotes a mutual aim to collaborate and explore knowledge-sharing prospects for the development of clean and sustainable ocean energy resources, as well as the assessment phase of Namibian wave farm operations.

Meanwhile, Sacky Nalusha, a Director for Kaoko Green Energy Solutions, says the development of the energy sector in Southern Africa creates opportunities for innovative solutions and partnerships that can grow the sector.

“The current energy shortages in the region have paved the way to explore alternative, untapped and sustainable energy sources. Waves have the potential to provide a sustainable solution to our energy needs and demands.”

The feasibility and piloting of the /hao pilot project is projected to cost N$20 million, which will cater for the deployment of five WaveRoller-X devices.

“The devices will be deployed in the Namibia water to generate clean and affordable electricity from ocean waves and then deliver 200MWh per year of electricity to communities close to the coast of the Erongo Region in Namibia. WaveRoller-X device is rated at 15kW per unit with an estimated capacity factor of about 35 to 40%,” Kaoko Director Gerson Nasau told The Brief.

Meanwhile, Kaoko’s envisaged green hydrogen derivatives project Purros Hydrogen Hub (PHH) is expected to be developed on 970 hectares of land.

The project feasibility study and piloting of Purros Green Hydrogen are estimated to cost N$180 million and is envisaged to commence in October this year.

The project will run until July 2024, with the ground breaking ceremony of the pilot project to be held in November 2023.

author avatar
editor
See Full Bio
Previous Post

Namibian household credit expands for first time since May 2020

Next Post

Namibia seeks to partner South Africa on Kudu Gas Project

Must Read

42 youth ventures worth N$14.7m secure funding from N$500m fund
Business & Economy

42 youth ventures worth N$14.7m secure funding from N$500m fund

September 29, 2025
!Gawaxab earns PhD in Economics from UCT
Business & Economy

!Gawaxab earns PhD in Economics from UCT

September 10, 2025
DBN youth SME funding sees only N$1.25m disbursed amid low uptake
Business & Economy

DBN youth SME funding sees only N$1.25m disbursed amid low uptake

July 23, 2025
Namibia targets to formalise 950 informal businesses by 2030
Business & Economy

Namibia targets to formalise 950 informal businesses by 2030

July 22, 2025
AfDB flags fiscal risks, urges deeper reforms in Namibia
Business & Economy

AfDB flags fiscal risks, urges deeper reforms in Namibia

July 18, 2025
Women now lead over 70% of Namibian SMEs
Business & Economy

Women now lead over 70% of Namibian SMEs

July 8, 2025
Load More

Related News

Examining South Africa’s National Health Insurance: A potential model for Namibia

Examining South Africa’s National Health Insurance: A potential model for Namibia

July 18, 2023
US pledges N$1.4 billion towards Namibia’s fight against AIDS

US pledges N$1.4 billion towards Namibia’s fight against AIDS

October 6, 2021
NAMFISA recovers over N$2.7m for consumers in Q3 2024

NAMFISA recovers over N$2.7m for consumers in Q3 2024

December 21, 2024

Browse by Category

  • Africa
  • Agriculture
  • Analysis
  • Business & Economy
  • Columnists
  • Companies
  • Finance
  • Finance
  • Fisheries
  • Green Hydrogen
  • Health
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • Namibia
  • namibia
  • News
  • Opinions
  • Property
  • Retail
  • Technology
  • Tourism
  • Trade
The Brief | Namibia's Leading Business & Financial News

The Brief is Namibia's leading daily business, finance and economic news publication.

CATEGORIES

  • Business & Economy
  • Companies
    • Agriculture
    • Finance
    • Fisheries
    • Health
    • Property
    • Retail
    • Technology
    • Tourism
    • Trade
  • Finance
  • Green Hydrogen
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • News
    • Africa
    • Namibia
  • Opinions
    • Analysis
    • Columnists

CONTACT US

Cell: +264814612969

Email: newsdesk@thebrief.com.na

© 2026 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Companies
  • Mining & Energy
  • Business & Economy
  • Opinions
    • Analysis
    • Columnists
  • Africa

© 2026 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.