New N$200 million 10MW Solar Plant to Supply Power to B2Gold’s Otjikoto Mine

Commercial and industrial solar developer, Sustainable Power Solutions (SPS), is constructing a 10MW solar plant to supply power to B2Gold’s Otjikoto Mine.

The Maxwell Solar Power Project, expected to be operational by the end of 2024, is being developed in partnership with Namibian property development group, Fortitude, and will have a capacity to generate 26,360 MWh annually.

It is being implemented under the Modified Single Buyer (MSB) framework. The MSB framework allows independent power producers (IPPs) to generate and sell electricity output directly to regional electricity distributors, large industrial and mining companies, including municipalities.

The framework will enable the SPS solar plant to feed clean energy directly to the Otjikoto Mine, enabling the mine to around 26,360 tonnes of carbon emissions annually, aligning with B2Gold’s climate strategy. The solar plant will not only position B2Gold’s mine as one of Namibia’s greenest mineral developments, but will also contribute to the national goal of increasing renewable energy penetration and reducing dependence on imported fossil fuels.

B2Gold is Namibia’s leading gold producer, with an estimated gold output of 200 000 ounces in 2023 and a workforce of 976 employees.

“We are thrilled to be developing this novel project for B2Gold with our Namibian partners Fortitude and the Oelofse family. I want to thank NamPower and the ECB for their investor-friendly approach and for their assistance in making this project a reality,” SPS Chief Executive Officer Francois van Themaat stated.

SPS’s partners in the venture are Fortitude, a multidisciplinary property development and project management firm, and the Oelofse family, known for their long-time dedication to Namibian wildlife conservation.

“This partnership exemplifies our commitment to sustainable energy and innovation. The solar plant’s development marks a milestone in our collective pursuit of greener, more efficient energy solutions,” said Alex Oelofse.

Sven Patzner from Fortitude said: “We are very excited to be involved in the prestigious Maxwell Solar Power Project. Being able to provide solar energy to one of Namibia’s most respected mining operators in B2Gold, together with the Oelofse family and SPS, is both a remarkable opportunity and example of what can be achieved through key collaborations and partnerships in the long-term interest of all stakeholders as well as Namibia’s clean energy ambitions moving forward.”

B2Gold Namibia Country Manager John Roos said the mine was elated about the prospects of the collaboration with SPS, Fortitude and the Oelofse family.

“This solar project embodies our unwavering commitment to sustainable mining practices,” he said.

SPS and partners are considering expanding the Maxwell project to deliver clean renewable energy to additional customers in Namibia.

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