Namibia: Standard Bank agrees N$144.4m loan for HopSol

South Africa’s Standard Bank has agreed a corporate loan worth N$144.4m ($9m) with Windhoek-based independent power producer HopSol. HopSol Africa Ltd is part of Switzerland-based HopSol AG, a family-owned company whose chairman is Robert Hopperdietzel. Standard Bank senior manager Manus Grobler told African Energy that the loan would support operations at the company’s solar PV plants, which both have 5.6MW installed capacity. Otjiwarongo began operating in November, while work on Grootfontein began in January.