Namibia’s listed renewable energy producer, Alpha Namibia Industries Renewable Power Limited (Anirep), has significantly expanded its solar generation capacity, nearly tripling electricity output during the 2026 financial year.
Electricity generation increased from 23.1GWh to 68.1GWh following the commissioning of the 25MWp Moses Mague Garöeb Khan Solar PV Plant and the refurbishment of part of the Otjiwarongo Solar PV Plant, lifting installed generation capacity from 13MWp to 38MWp.
The expansion contributed to a 60% increase in electricity sales to N$62.1 million and a 36% rise in total revenue to N$95.4 million.
Gross profit climbed 43% to N$81.4 million, while operating cash flow turned positive at N$15.1 million after improving by more than N$53 million year on year.
The company says recurring electricity sales now account for 65% of total revenue, underpinned by long-term power purchase agreements with the Namibia Power Corporation, and the Central North Regional Electricity Distributor, both extending until 2051.
Despite the improved operational performance, Anirep reported a statutory loss after recognising a N$40.2 million non-cash impairment related to goodwill and power generation assets.
The company says the impairment was an accounting adjustment linked to the timing of future revenue assumptions and does not affect plant performance, electricity production or cash generation.
Managing director Iyaloo Ya Nangolo says the results demonstrate that the company’s renewable energy platform has reached commercial scale.
“Our generation portfolio has expanded significantly and the business is increasingly being driven by recurring electricity revenue.
Operating cash flows turning positive signals that our renewable energy platform has matured into a cash-generative business,” Nangolo says.
Anirep’s next growth phase includes the expansion of its Otjiwarongo Solar PV Plant by 7.69MWp and the installation of
Namibia’s first utility-scale 2MW/10MWh Battery Energy Storage System. Once commissioned, the projects will increase the company’s installed renewable energy capacity to approximately 46MWp, improving grid stability and enabling greater integration of renewable power into Namibia’s electricity system.
The expansion comes as Namibia accelerates investment in domestic renewable energy to reduce dependence on imported electricity and strengthen long-term energy security while supporting regional decarbonisation efforts.
