We are very excited to announce that, as of August 2020, CRONIMET is part of the O&L Group, Namibia’s largest privately held group of companies. The trade name and brand, “CRONIMET Mining Power Solutions” will no longer be used and from now on the company and it’s subsidiaries will operate under the trade name and brand O&L Nexentury GmbH. After a long and successful partnership with O&L, we have combined forces to build our next successful chapter.
WHAT WE DID
FOR A BRIGHTER FUTURE
CRONIMET goes Nexentury!
We Power Africa
In 2019 we were able to continue our success story. In our core market Namibia we developed and implemented two further plants in the capital Windhoek. One of the plants will from now on cover the energy needs and cut operational costs of Namibia Dairies, a leading force in the Namibian dairy industry and who employs over 700 people. The plant consists of two roof-mounted installations of 252 kWp and 310 kWp, a 140 kWp greenfield installation as well as a rooftop plant with a capacity of 80 kWp which was installed on top of the carport.
The second plant is the 1130 kWp rooftop photovoltaic system at Wernhil Park shopping center. We managed to complete the project within eight weeks and thus four weeks before the scheduled handover date. The plant in the heart of the Namibian capital provides clean energy to the shopping center, reduces energy costs and further enables the mall to avoid 2144 tons of CO2 per year.
Looking Forward to Upcoming Projects
CRONIMET is recognized as a leader in the off-grid hybridization of PV power plants and builds out its track record in Namibia’s game and eco-lodging sector of the hospitality industry. CRONIMET engineered a captive PV/ ESS/ diesel system and procured one of Africa’s largest lithium ion battery storage system for installation at a private off grid game lodge in the remote and environmentally sensitive Okowanga Delta region.
Our committed team is excited to realize all our upcoming projects and is confidently looking forward to the challenges of the future.
Striving to Spread PV All Over Africa
In 2017, CRONIMET’s IPP orderbook of awarded IPPs was 30 MW across 8 grid-connected and captive PV and PV hybrid projects. Our pipeline of more projects under development continued to grow, adding new bilaterally PPA negotiations. CRONIMET’s co-development activities with local developers intensified and further expanded into East and West Africa.
CRONIMET further fully developed, engineered, co-financed, constructed and commissioned a 3.8 MWp solar PV in Arandis, Namibia. Additionally, we completed our first PV system designed for the hospitality industry ensuring hoteliers a reliable off-grid and eco-friendly energy supply at a reliably favorable price.
Over 160 MW by the End of 2016
By 2016, CRONIMET’s pre-financial close IPP development pipeline of exclusive and contracted solar and PV/ diesel projects swelled to over 160 MW, with a further 700 MW of early stage PV developments prospects across East, West and Southern Africa.
Socio-Economic Capacity Building with the DEG
In 2015, CRONIMET partnered with the German state development finance institution (KfW/ DEG). Together the partnership committed nearly €5,000,000 to develop new PV projects, support local PV developers and offer capacity building and knowledge transfer workshops to universities, governments and the private sector in over 20 Sub-Saharan countries.
CRONIMET Mining Power Solutions Powers Africa
In 2014, CRONIMET Mining Power Solutions entered Namibia. As an EPC, we successfully engineered and constructed Namibia’s first utility scale and Nampower’s largest grid-connected PV power plant.
Focus on Sub-Saharan Africa
In 2013, after a highly successful demonstration PV/ diesel Hybrid power plant, the owner of the chrome mine, CRONIMET Mining AG out of Germany, acquired 51% of SOLEA Capital and renamed the company CRONIMET Mining Power Solutions. Supported by CRONIMET Mining AG’s billion-dollar balance sheet and years of African market experience, CRONIMET Power Solutions fixed its focus exclusively on Sub-Saharan Africa and set its sights on becoming one of Africa’s leading vertically integrated solar IPP developers of small and medium sized (1 MW to 30 MW) utility scale distributed PV and PV/ Hybrid IPPs.
World’s First Off-Grid Utility Scale PV/ Diesel Hybrid Power Plant
In 2012, in the midst of South Africa’s public sector REIPPP program, CRONIMET set its targets on a less visible market niche – dedicated solar IPPs for private sector companies. The company signed an IPP development agreement with a little known private German chrome mining operation in South Africa’s Limpopo province near Thabazimbi. At the time, the operating mine was consuming nearly 2 MW of power from an off-grid captive diesel mini-grid. The mine was running its entire 24/7 open-pit mining operations with gensets, at an operating cost of US$500,000 a year ($0.25/kWh, diesel only). After nearly six months of development, CRONIMET engineered, permitted, financed, constructed and commissioned the world’s first off-grid utility scale PV/diesel hybrid power plant.
CRONIMET Mining Power Solutions was incorporated in 2011 and at the time traded under the name SOLEA Capital. Founders Rollie Armstrong and Steffen Kammerer formed an equity JV with the German EPC contractor, SOLEA AG, to establish an international solar development company.
During the first years of operations, we focused on utility scale PV power plants primarily in Germany and other policy driven European markets. By 2013, we successfully developed, financed, constructed and exited nearly 30 MW of power plants in Germany, Italy and Romania. As the renewable energy laws and policies in Europe were repealed, our founders turned toward a market where PV electricity was already approaching grid parity: Africa.