Aeolus Power Generation Namibia expects to start generating wind energy by the end of this year. The Electricity Control Board has already granted the firm a licence to develop the project, which is worth over N$1.1 billion. Aeolus is owned by local and Dutch investors.

Aeolus Power Generation plans to establish wind farms at Lüderitz, Walvis Bay and Oranjemund and aims to start generating electricity by the end of 2008. Aeolus Associated, a Dutch company and local company, United Africa Group, have equal shareholding in Aeolus Power Generation Namibia.
“The project will have a maximum of about 92MW through the 102 wind towers that will be erected,” says Leo van Gastel, the chief executive officer of Aeolus Associated.
Namibia is looking at alternatives to complement its existing sources of power, hence the granting of the licence. When the system is fully operational, it will contribute as much as 25% of Namibia's current energy requirements or close to half the current imports from South Africa, according to figures provided by the ministry of mines and energy.
Van Gastel says the Dutch government has already given the project a grant worth N$300 million.
The rest of the money will be obtained through equity and loans from banks.
The project is expected to add significantly to the power generated by Van Eck Power Plant, which generates power from coal, Paratus in Walvis Bay, which runs on paraffin, and Ruacana, the hydro-electric power plant on the Kunene River.