Namibia Securities Exchange (NSX) listed, Alpha Namibia Industries Renewable Power Limited (ANIREP), has announced the successful conclusion of a conditional binding agreement to acquire a 45% stake in Cerim Luderitz Energy (Pty) Ltd (CERIM) for a total consideration of N$60 million.
The acquisition comprises a 30% shareholding from Allied Worldwide Trading Limited and a 15% shareholding from Riminii Investment (Proprietary) Limited.
CERIM is an Independent Power Producer (IPP) currently developing a 50 MW (AC) wind power plant located 17km south of Lüderitz in the ǁKaras Region.
The project includes the conversion of 743 hectares into a renewable energy facility and the construction of a 40km, 132kV transmission line to connect to the Namib substation.
The Commercial Operation Date (COD) is anticipated within 18 months following financial close.
The project is backed by a 25-year Power Purchase Agreement with NamPower, an Environmental Clearance Certificate, and a Transmission Connection Agreement.
The transaction remains subject to a number of conditions to be fulfilled by 13 May 2025, or at a later date if mutually agreed upon.
These include the finalisation of definitive agreements, approvals from NamPower and the Electricity Control Board, and the successful completion of due diligence by ANIREP.
ANIREP Managing Director, Iyaloo ya Nangolo, said the acquisition marks a significant step in the company’s strategy to diversify into wind energy and scale up its renewable energy portfolio.
“ANIREP is proud to be accelerating its mission of delivering utility-scale, affordable, and clean energy to Namibia’s national grid, now diversifying into wind power. Building on the successful launch of the Moses Mague ǁGaröeb Khan 25 MWp solar PV plant, ANIREP’s renewable energy portfolio will surpass 90 MWp of diversified capacity by its COD,” ya Nangolo said.
He added that the CERIM project responds to the country’s pressing energy challenges.
“With a projected annual wind availability of 4,300 hours—well above the industry average of 2,500–3,000 hours—it presents a compelling investment in clean, reliable energy. It aligns with the goals of the Namibia Integrated Resource Plan and the Fifth National Development Plan (NDP5) to expand installed capacity to 755 MW by 2022/23 and source at least 70% of energy from renewable energy sources by 2030,” he said.
Ya Nangolo further noted that ANIREP is well-positioned to finance the expansion, leveraging its strong equity base and the N$5 billion Green Bond it listed last year.
“ANIREP provides a vital bridge between capital markets and infrastructure-based renewable projects, anchored by sustainable, long-term cash flows. This milestone acquisition cements ANIREP’s role as an Independent Power Producer, with a clear trajectory towards becoming one of the region’s foremost renewable energy platforms,” he said.
