By: Staff Writer
Inceptus Holding, the business arm of the University of Namibia has successfully secured financing from the Development Bank of Namibia (DBN) and Old Mutual Namibia for its N$65 million solar project at UNAM.
Unam is partnering with a company called Alensy Energy Solutions (Alensy) and will implement the project under a joint venture called Inceptus Energy.
The project, whose construction commenced in the second quarter of 2023 and is on track for completion by the end of the first quarter of 2024, is projected to supply electricity to Windhoek at 40% of the current cost charged by utilities.
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