TeraSun Energy Power Park
In partnership with Globeleq Africa Limited, Natura Energy is moving ahead with the development of its 80MW TeraSun Energy Solar PV Power Park initiative to sell, across the Namibian national grid and into the Southern African Power Pool, competitively priced electricity to large power users throughout Namibia and the SADC region.
This decision comes following the announcement by the Namibian Cabinet in April 2019, that it approved the new Modified Single Buyer (MSB) regulatory framework allowing independent power producers to sell electricity to large power users locally and internationally across the national transmission grid.
The TeraSun Energy solar PV power park is located in the town of Arandis, situated approximately 60km inland from the coastal town of Swakopmund. The site enjoys amongst the best solar irradiations in the country with a potential to generate over 2480 kWh/kWp/year.
The 950 million Namibian Dollar investment will be structured through TeraSun Energy (Pty) Ltd, a special purpose company incorporated by Natura Energy to contract with large power users competitively priced Power Purchase Agreements with firm supply durations between 10 and 25 years, according to individual customer requirements.
In Namibia The MSB regulations allow Contestable Customers to purchase electricity from the TeraSun Energy Power Park via bilateral transactions for up to 30% of their annual energy requirement. Export customers however are not capped in the amount of energy that they can procure.
Customers benefit from the economies of scale of a large Power Park facility
Cash savings assured with zero capital outlay
Flat energy tariffs more competitive overall than utility Time-of-Use
No additional on-site customer metering required
The solar Capacity supplied is customised and allocated to the Customer’s precise needs and is expandable over time
Flexible 5, 10 or 20-year Electricity Supply Agreements