Frans Indongo Group has partnered with South African Independent Power Producer, Sturdee Energy, to raise a project finance facility of N$500 million from RMB Namibia as the lead arranger on two operational solar projects situated in Mariental and Kokerboom, each with a capacity of 10 MW.
Frans Indongo Group Chief Executive Officer, Jeremy George, said working with Sturdee as an investment and expert technical partner is in line with Indongo Energy’s strategy to invest in Namibia and its energy sector, which is one of the catalysts of Namibia’s economic growth, aligning with the Frans Indongo Group’s ethos of ‘Shape Today, Own Tomorrow.’
“As our first entry into the renewable energy space, we are proud to have Sturdee as our expert partner. Through Indongo Energy as a strategic partner, we look forward to seeing where this will take us and this will not be our last investment into renewable energy,” George said. Sturdee Energy Executive Director, James White, said: “This partnership not only expands our operational capabilities but also aligns with our strategic goals to deepen our engagement in Namibia and enhance our contributions to the region’s energy needs.”
