The Namibian Pavilion at the Dubai Expo will host a Renewable Energy Business Summit on Saturday, 27 November starting at 14h30 Dubai time. The summit aims to provide an overview of investment opportunities in the renewable energy sector and processes to be followed by potential investors.
The summit will also focus on key outcomes and case studies of Namibia’s journey towards becoming a green economy by 2030. During the summit, keynote remarks expected to be delivered by mines and energy minister Tom Alweendo, will focus on current policies advocating renewable energy in the country. A face-to-face presentation is also anticipated on renewable legal frameworks by the director of energy in the Ministry of Mines and Energy as well as an overview of renewable energy generation projects by NamPower while the Electricity Control Board is expected to touch on enabling technical regulation. Lastly, a case study presentation will be made by Independent Power Producers (IPPs) in Namibia, highlighting investment opportunities from the investors’ private sector perspective.
According to an invitation to the summit, Namibia has set an inclusive and universal energy supply across the country as a primary target to be accomplished by the year 2030. This indicates immense opportunity for the country’s energy sector as the country is endowed with excellent untapped renewable resources more than sufficient to meet domestic energy needs.
“Economic activities in Namibia are heavily dependent on energy input. The more the economy expands, the more energy it requires to grow. To fully industrialise, energy is a primary enabler in driving Namibia’s economic development activities. The country is investing US$$575 million in energy generation and transmission between 2020 and 2022 for the provision of affordable and reliable solar and wind power generation,” an overview of the summit reads.