馃嚦馃嚘NamibiaSouthern Africa
Anirep triples solar power output, boosts revenue, and plans further expansion
via The Namibian2 min read
Alpha Namibia Industries Renewable Power Limited Anirep significantly expanded its solar generation capacity, nearly tripling electricity output from 23.1GWh to 68.1GWh in the 2026 financial year. This increase followed the commissioning of the 25MWp Moses Mague Gar枚eb Khan Solar PV Plant and refurbishment at the Otjiwarongo Solar PV Plant, raising installed capacity from 13MWp to 38MWp. Electricity sales rose by 60% to N$62.1 million, and total revenue increased by 36% to N$95.4 million. Gross profit climbed 43% to N$81.4 million, with operating cash flow turning positive at N$15.1 million. Recurring electricity sales, underpinned by long-term power purchase agreements with Namibia Power Corporation and Central North Regional Electricity Distributor until 2051, now account for 65% of total revenue. Despite a N$40.2 million non-cash impairment related to goodwill and power generation assets, the company states this accounting adjustment does not affect plant performance or cash generation. Managing director Iyaloo Ya Nangolo noted that the company's renewable energy platform has reached commercial scale and is now a cash-generative business. Anirep plans further expansion, including a 7.69MWp addition to its Otjiwarongo Solar PV Plant and Namibia鈥檚 first utility-scale 2MW/10MWh Battery Energy Storage System, which will increase installed capacity to approximately 46MWp and enhance grid stability.
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This summary was AI-generated from a story originally published by The Namibian.
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