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Industries
Namibia is gearing up to play a leading role at Africa Energy Week (AEW) 2025. Deputy Prime Minister Natangwe Paulus Ithete—also serving as Minister of Industrialisation, Mines, and Energy—will represent Namibia at the event in Cape Town, highlighting the country’s accelerating energy sector transformation. With growing interest in offshore oil discoveries and a bold commitment to renewable energy, Namibia is positioning itself as both an emerging fossil-fuel frontier and a green-energy pioneer.
In a major leap for its renewable ambitions, Namibia has secured a $106 million loan from Standard Bank to back the 44 MW Diaz Wind Power Station near Lüderitz. With 11 turbines planned, the project is designed to generate approximately 230 GWh per year—around 5–6% of Namibia’s electricity demand—and reduce CO₂ emissions by about 200,000 tonnes annually. This investment underscores investor confidence and supports Namibia’s goal of sourcing 70% of its power from renewables by 2030.
While attracting attention for offshore oil potential—e.g., the Venus oilfield, Galp and Rhino Resources discoveries—Namibia is also reinforcing its renewables credentials. Ithete’s recent policy moves include streamlined regulatory frameworks, infrastructure investment budgets (totaling NAD 637.5 million), and ambitious clean-energy targets such as the $10 billion green-hydrogen Hyphen project. The aim is to build a resilient, green-powered economy that integrates both traditional and sustainable energy sources.
The Diaz Wind Project promises significant national benefits—diversifying energy supply, stabilizing power prices, and enhancing energy security. Environmentally, its clean energy output and associated emissions reductions will help Namibia meet its Paris Agreement commitments. The project’s development also brings immediate social gains: local job creation, infrastructure upgrades, and a stronger foundation for private-sector-driven renewable expansion.
A Vision for Sustainable Industrial Growth
Namibia is laying the groundwork for a future powered by industrial-scale renewables. Leadership at AEW 2025, backed by strategic financing like the Diaz project, reinforces the country’s ambition to become a continental hub for green energy, hydrogen exports, and industrial innovation. With a mix of hydrocarbons and clean technologies, plus regulatory certainty and financial support, Namibia is emerging as a top-tier destination for long-term energy investment.
