Namibia’s first listed green bond raises US$4m to fund renewable energy

NAMIBIA – Bank Windhoek Green Bond, Namibia’s first listed green bond, has raised N$66 million (US$4.43m), funding the generation of various types of renewable energy around the country, envisioned to reduce the country’s carbon footprint. The funded renewable energy projects are expected to generate 77,9 million kWh of electricity in the next five years and reduce 305 710 tonnes of carbon dioxide-equivalent greenhouse gasses in the next 25 years. The solar photovoltaic (PV) projects financed by the Bank Windhoek Green Bond could reduce annual greenhouse gas emissions by 305,710 metric…

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