Renewable Energy development does not benefit from the bandwagon effect. Okay, so maybe it does. However, its dependence on popularity is by no means the driving force behind its current acceptance. I believe that the real reason why there is an upswing in Renewable Energy development throughout the world is viability.

Viability depends on many factors. For a business, it depends on location, investment climate, technology, even business approach. But you know that a business is good when you see it being replicated, over and over, in all places. Such as Namibia.

Namibia aims to increase its amount of electricity from renewable energy resources by 0.5 percent per year. This would increase its electricity output and decrease its 90 percent dependence on electricity coming from South Africa, Zambia, and Zimbabwe.

The two favored modes are solar and wind, which is expected to run at a cost of about $ 5 to 10 million per year. This early, the Namibian government has received offers for joint ventures in RE development and electricity sales.

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