Norsad hunts for renewable opportunities

Powered by the sun: Solar panels in the Atacama Desert, Chile. Botswana is looking to power at least 31% of its national demand with solar by 2030
Powered by the sun: Solar panels in the Atacama Desert, Chile. Botswana is looking to power at least 31% of its national demand with solar by 2030

Private credit firm, Norsad Finance, is researching opportunities to support companies involved in the country’s renewable energy sector, with up to P100 million available per transaction.

Norsad’s Investment Director, Oteng Sebonego told last week’s resources infrastructure and energy forum that the firm was open to proposals around green field developments, companies looking to self-generate their own electricity, those looking to reduce their carbon emissions as well as those looking at industrial-scale solar.

He said in its 30-year history in Africa, Norsad has put debt into renewable energy, such as in Zimbabwe and a 20 megawatt solar and hydro project. Sebonego said rather than funding house to house renewable installations, Norsad preferred to deal with a company that was involved in those types of initiatives. He explained that the firm prefers smaller projects of 20MW and less and for greenfield developments, requires that applicants have an Independent Power Producer licence, as well as a Power Producer Agreement indicating the tariff to be charged.

Editor's Comment
Khama should desist from dirty campaigns

However, as a newspaper, we want to raise few disquiets for the umpteenth time with Khama, of course, and remind him that the country that he is robustly de-campaigning is now feeling the pain of his harm. Batswana need Khama to use his conservationist credentials to good use and benefit a country that is working so hard to achieve the high-income status by diversifying its economy away from diamond reliance.Khama has played his part unobstructed...

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