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Namibia

With a power score of 1.77, Namibia ranks number 57 among emerging markets and number 84 in the global power ranking.

  • Emerging markets
  • Africa

1.77 / 5

Power score


+4 places

Global power rank change


2021
2022
2023
41
88
84

Overview

Namibia has a power score of 1.77, which puts it at rank 84 in the global power ranking, and rank 57 in the emerging markets power ranking. In comparison to 2021, Namibia has deteriorated in the power rankings by -43 places, from rank 41, to rank 84.

At 1.77, the power score of Namibia is better than the regional average of 1.54 in the Africa region.

Regional power score comparison

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Namibia

Power

Power policy

Namibia implements policies in 2/6 power policy categories tracked by Climatescope, including Renewable energy target, Renewable energy auction, Feed-in Tariff, Net Metering, Import tax incentives, VAT incentives.

Power policies

Renewable energy target
Renewable energy auction
Feed-in Tariff
Net Metering
Import tax incentives
VAT incentives

Power prices and costs

The average electricity price in Namibia has dropped from 144.66 USD/MWh in 2021 to 133.29 USD/MWh in 2022. Since 2017, the average electricity price in Namibia has fluctuated between 115.52 USD/MWh (2020) and 149.46 USD/MWh (2018).

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Power market

The top amount of capacity installed in Namibia in 2022 was in Solar PV at 41.93%, up from 37.37% in 2021.

Installed capacity (in MW)

201420162018202020220200400600800 MW

Electricity generation (in GWh)

2014201620182020202205001K1.5K2K GWh

The largest electricity generating technology in Namibia in 2022 was Large Hydro, generating some 59.8% of electricity, down from 69.99% in 2021. The technology with the biggest increase in eletricity generation in 2022 was Solar PV at 37.52%, up from 26.01% in 2021.

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Investment in clean energy in Namibia was around $38.93 million in 2022, an increase of 15.83% from 2020 ($33.6 million). Between 2017 and 2022, the highest investment in clean energy was in 2018 at $172.23 million, while the lowest was in 2020 with $33.6 million.

Utility privatisation

Which segments of the power sector are open to private participation?

Generation: Yes
Transmission: No
Retail: No

Type

Question

Availability

Wholesale power market

Does the country have a wholesale power market?

No

Doing business and barriers

Type

Question

Availability

Currency of PPAs

Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?

No

Type

Question

Availability

Bilateral power contracts

Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?

Yes

Type

Question

Availability

Fossil fuel price distortions - Subsidies

Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?

Yes

Type

Question

Availability

Fossil fuel price distortions - Taxes and carbon prices

Does the government significantly increase the wholesale price of electricity from fossil fuel through targeted taxes and/or carbon prices?

No

Transport

Transport policy

Namibia does not implement any policies in any of the transport policy categories tracked by Climatescope.

Transport policies

Clean transport target
National ICE phase-out
EV purchase grant/loan incentive
EV VAT reduction/exemption
EV import tax reduction/exemption
EV income tax reduction/exemption
EV recurring tax reduction/exemption
EV charging infrastructure target
E-bus target

Type

Question

Availability

Fuel economy standards

Does the country have a fuel economy standard in place?

No
Climatescope 2023 print report cover

Power Transition Factbook

This marks the 12th anniversary of Climatescope, BNEF’s annual assessment of energy transition opportunities. In recent years, the project has been expanded to include activity not just in clean power, but also in the decarbonization of transportation and buildings.

Download report

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