TeraSun Energy plans to invest in the construction of a 50 MW solar plant in Namibia. The construction of the solar farm will require an investment of about $63.5 million. The plant will be located in the locality of Arandis.
The project will be implemented under a single buyer model, introduced by the Electricity Control Board (ECB) and approved by the Namibian government last April. This model allows network consumers to purchase directly from the independent power producer.
Ezio Vernetti, the development manager of Natura Energy, the parent company of TeraSun, said the construction works are scheduled to start in Q1 2020. The first direct sales of electricity are planned to start at the end of the year. end of the year 2020.
The land allocated for the construction of the plant, has the capacity to accommodate a 100 MW infrastructure. Developers could expand the capacity of their plant if the conditions are right.