• Contact Us
  • About Us
  • Advertisement
  • Privacy & Policy
Friday, July 11, 2025
SUBSCRIBE
The Brief | Namibia's Leading Business & Financial News
26 °c
Windhoek
22 ° Wed
25 ° Thu
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
Subscribe
No Result
View All Result
TB image banner 750x140
Home Companies

ANIREP acquires 45% stake in CERIM Wind Energy Project for N$60 million

by editor
April 24, 2025
in Companies
8
A A
587
SHARES
9.8k
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

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.

You might also like

Namibia’s June inflation hits 3.7%, driven by food, alcohol and housing

O&L Leisure launches rewards programme to encourage local travel

NamRA collects N$12.78 billion in first two months of financial year

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.

author avatar
editor
See Full Bio
Tags: acquisitionIyaloo ya NangoloNSXrenewable energysolar project
Share235Tweet147Share41
Previous Post

NSFAF to be reintegrated into education Ministry by October

Next Post

CHC Helicopter partners with Court Helicopters to expand services in namibia

Recommended For You

Namibia’s June inflation hits 3.7%, driven by food, alcohol and housing

by reporter
July 10, 2025
0
Namibia’s June inflation hits 3.7%, driven by food, alcohol and housing

Namibia’s annual inflation rate stood at 3.7% in June 2025, with food, alcoholic drinks, and housing costs being the main drivers, according to the Namibia Statistics Agency (NSA)....

Read moreDetails

O&L Leisure launches rewards programme to encourage local travel

by reporter
July 10, 2025
0
O&L Leisure launches rewards programme to encourage local travel

O&L Leisure has introduced a new rewards programme aimed at encouraging more Namibians to travel locally, offering significant discounts on accommodation and dining across its properties. The Leisure...

Read moreDetails

NamRA collects N$12.78 billion in first two months of financial year

by reporter
July 9, 2025
0
NamRA sees drop in illegal vehicle imports following moratorium

The Namibia Revenue Agency (NamRA) has collected N$12.78 billion in revenue between 1 April and 31 May 2025, as part of the current financial year. Of this total,...

Read moreDetails

Namibia’s national parks generate over N$140m annually

by reporter
July 9, 2025
0
Northern Namibia leads tourism growth with 58% occupancy in May

Namibia’s protected areas generate more than N$140 million annually from tourism and conservation fees and support the livelihoods of at least 500,000 people, according to a revised draft...

Read moreDetails

Namibia backs India’s pharmaceutical hub proposal

by reporter
July 9, 2025
0
Namibia backs India’s pharmaceutical hub proposal

Namibia has expressed its full support for India’s proposal to establish a pharmaceutical manufacturing hub in the country under the “Pharmacy of the World” initiative. President Netumbo Nandi-Ndaitwah...

Read moreDetails
Next Post
CHC Helicopter partners with Court Helicopters to expand services in namibia

CHC Helicopter partners with Court Helicopters to expand services in namibia

Related News

NamPower plans N$1bn solar plant

NamPower plans N$1bn solar plant

July 17, 2023
Gondwana launches Hakusembe River Camping2Go

Gondwana launches Hakusembe River Camping2Go

March 5, 2024
Namibia Grape Company commits N$24 million for vineyard revamp

Namibia Grape Company commits N$24 million for vineyard revamp

April 10, 2025

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

© 2025 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

Add New Playlist

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

© 2025 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.