Africa
With a power score of 2.5, Namibia ranks number 9 among Emerging Markets and number 3 in the Africa region
Power score
2.5/5
Score over time
2021 - 2024
Namibia has a power score of 2.50, which puts it at rank 9 in the Emerging Markets power ranking. In comparison to 2023, Namibia has improved in the power rankings by 47 places, from rank 56, to rank 9.
At 2.50, the power score of Namibia is better than than the regional average of 1.8 in the Africa region and puts it at rank 3 in the region.
Namibia implements policies in 5/9 power policy categories tracked by Climatescope, including Renewable energy target, Renewable energy auction, Feed-in tariff, Net metering, and Renewable Energy Certificates.
The average electricity price in Namibia has dropped from 133.29 USD/MWh in 2022 to 119.39 USD/MWh in 2023. Since 2017, the average electricity price in Namibia has fluctuated between 115.52 USD/MWh (2020) and 149.46 USD/MWh (2018).
The top amount of capacity installed in Namibia in 2023 was in Utility-scale PV at 38.92%, up from 10.1% in 2022.
The top amount of electricity generated in Namibia in 2023 was in Large Hydro at 74.71%, down from 77.88% in 2022. The technology with the biggest increase in electricity generated in 2023 was PV at 23.27%, up from 20.18% in 2022.
Investment in clean energy in Namibia was around $ million in 2023, a decrease of 100% from 2022 ($38.93 million). Between 2018 and 2023, the highest investment in clean energy was in 2018 at $172.23 million, while the lowest was in 2020 with $33.60 million.
Which segments of the power sector are open to private participation?
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Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?
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Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?
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Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?
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Does the government significantly increase the wholesale price of electricity from fossil fuel through targeted taxes and/or carbon prices?
For more information on best practices and climate action, explore the NetZero Pathfinders project by BloombergNEF.