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Get Price“ More electricity will be generated locally, hence reducing imports and overall cost of electricity,” Kahimise said. Namibia imports about 60% of its electricity from neighbors including South Africa, Zambia and Zimbabwe, which have their own problems meeting demand. Renewables now make up 21% of the country’s electricity mix.
Namibia’s Electricity Control Board (ECB) has approved a 3.8% electricity tariff increase, in a move to reduce the nation’s electricity subsidy. The hike increases the cost of electricity from N$1.98 ($0.11) per kWh to N$2.06 ($0.11) per kWh for the 2025/26 financial year.
Namibia plans to add 93 megawatts of renewable energy capacity during the financial year ending 2026 as part of a strategy to reduce electricity imports. Kahimise said the government also plans to boost domestic electricity generation to 80% by 2030, up from the current 45%, in a bid to complement the household electrification drive.
Namibia imports about 60% of its electricity from neighbors including South Africa, Zambia and Zimbabwe, which have their own problems meeting demand. Renewables now make up 21% of the country’s electricity mix. The goal is to reach 70% of electricity from renewables by 2030.
Every day, we handpick the biggest stories, skip the noise, and bring you a fun digest you can trust. Namibia’s Electricity Control Board (ECB) has approved a 3.8% electricity tariff increase, in a move to reduce the nation’s electricity subsidy.
Peak demand is over 600 MW. Namibia has long relied on imported power from South Africa (Eskom) and other neighboring countries, but South Africa’s own economy has put strains on its domestic electricity generation capability and thus its ability to export. Namibia has a power purchase agreement with Eskom which expires in 2025.
The global commercial and industrial solar energy storage battery market is experiencing unprecedented growth, with demand increasing by over 400% in the past three years. Large-scale battery storage solutions now account for approximately 45% of all new commercial solar installations worldwide. North America leads with a 42% market share, driven by corporate sustainability goals and federal investment tax credits that reduce total system costs by 30-35%. Europe follows with a 35% market share, where standardized industrial storage designs have cut installation timelines by 60% compared to custom solutions. Asia-Pacific represents the fastest-growing region at a 50% CAGR, with manufacturing innovations reducing system prices by 20% annually. Emerging markets are adopting commercial storage for peak shaving and energy cost reduction, with typical payback periods of 3-6 years. Modern industrial installations now feature integrated systems with 50kWh to multi-megawatt capacity at costs below $500/kWh for complete energy solutions.
Technological advancements are dramatically improving solar energy storage battery performance while reducing costs for commercial applications. Next-generation battery management systems maintain optimal performance with 50% less energy loss, extending battery lifespan to 20+ years. Standardized plug-and-play designs have reduced installation costs from $1,000/kW to $550/kW since 2022. Smart integration features now allow industrial systems to operate as virtual power plants, increasing business savings by 40% through time-of-use optimization and grid services. Safety innovations including multi-stage protection and thermal management systems have reduced insurance premiums by 30% for commercial storage installations. New modular designs enable capacity expansion through simple battery additions at just $450/kWh for incremental storage. These innovations have significantly improved ROI, with commercial projects typically achieving payback in 4-7 years depending on local electricity rates and incentive programs. Recent pricing trends show standard industrial systems (50-100kWh) starting at $25,000 and premium systems (200-500kWh) from $100,000, with flexible financing options available for businesses.