Climatescope 2025

Namibia

With a power score of 1.85, Namibia ranks number 70 among Emerging markets and number 25 in Africa.

Power score
1.85/5

Fundamentals2.26/5
Opportunities0.94/5
Experience1.93/5
Explore all scores

Ranking over time1.85/5

Explore the ranking over time

MarketComparison

Select up to 3 markets to compare

Explore the fullProfile on BNEF

Go to the full profile
Not a BNEF client? Interested in knowing more? Request a demo

Overview

Namibia has a power score of 1.85, which puts it at rank 70 in the Emerging Markets power ranking. The power score of Namibia is lower than the average of 1.91 in Africa.

Regional comparison chart

In the chart above all geographies within the region are arranged by power score from left to right. The circles are sized based on the population.

Power

Power policy

Namibia implements policies in 5/8 categories tracked by Climatescope; Renewable energy target, Auctions/tenders (utility-scale), Support for customer-sited generation (rooftop and self-consumption), Tax incentives, and REC'S - Renewable Energy Certificates

Renewable energy target
Auctions/tenders (utility-scale)
Feed-in tariff/premium (utility-scale)
Support for customer-sited generation (rooftop and self-consumption)
Tax incentives
Renewables mandate/RPS/Supplier Obligation
REC'S - Renewable Energy Certificates
Priority generation dispatch

Power prices and costs

The average electricity price in Namibia has increased from ~$26/MWh in 2023 to ~$32/MWh in 2024. Since 2019, the average electricity price in Namibia has fluctuated between ~$24/MWh in 2022 and ~$32/MWh in 2024.

Electricity prices in Namibia (2019-2024)

Power market

The top amount of capacity installed in Namibia in 2024 was in Solar at 507.5MW, up from 432MW in 2023.

Installed capacity (2019-2024)

Electricity generation (2019-2024)

The technology with the largest share of electricity generated in Namibia in 2024 was Hydro at 2.07TWh, up from 1.32TWh in 2023.

Investment in Namibia (2019-2024)

Investment in clean energy in Namibia was around $125.59M in 2024.

Utility privatisation

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

generation
transmission
retail

Doing business and barriers

Type
Question
Availability
Bilateral power contracts
Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?
Currency of Corporate PPAs
Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?
Fossil fuel price distortions - Subsidies
Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?
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?
More insights from BloombergNEF

BNEF provides clear perspectives on global commodity markets and the technologies driving the energy transition, empowering decision-makers to navigate disruptive trends in an evolving energy economy.

  • Detailed data on all 220 indicators

  • Model available to download

  • Historical data for 15 years

  • In-depth analysis for 110 markets

Read more on BloombergNEF

Emerging Markets Power Transition Factbook

This is the 14th edition of Climatescope, BloombergNEF’s annual assessment of energy transition opportunities in emerging markets. It highlights how the energy transition is progressing in these markets and how they are harnessing the transition to boost attractiveness to outside investors.

Download the report