South African Commodore Industries has announced its intention to enter the Namibian renewable energy market, starting with solar power financing.
In a press release on Monday, the company says it is strategically expanding into Namibia and has appointed Mwahafar Ndilula as country manager.
Ndilula says the company is currently in talks with solar plant owners and stakeholders who have been licensed to set up wind power in Namibia.
“Commodore Industries is a developer and investor in renewable energy. We already have two projects in South Africa.
In Namibia, we could develop our own solar plant or invest in existing solar plants. There are a lot of licence holders who require access to capital,” he says.
Ndilula says the company is also interested in the railway industries. Commodore is a licensed user of the railway in South Africa and transports commodities across the country.
“This is a brilliant time for Commodore to expand into Namibia, because the president has been talking about building up our own energy base load so that we don’t have to always import energy,” he says.
He says if Namibia wants to industrialise, it would require sufficient energy.
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