SKORPIoN – Namibia's Integrated Renewable Power and Alternative Fuels near-commercial Pilot Facility

Company Name/Description

SKORPIoN Alternative Fuels Namibia (Pty) Ltd / SeaH4 (Pty) Ltd / Kaoko Green Energy Solutions (Pty) Ltd

Countries of Operation

Namibia

Ownership of Company: Namibia (SKORPIoN Pty Ltd) / South Africa (SeaH4 Pty Ltd) – 50/50 Joint Venture

Number of years since incorporated

Upon Request

Project Pitch

SKORPIoN is a near-commercial pilot facility jointly developed by SeaH4 (South Africa) and Kaoko Green Energy Solutions (Namibia). The project demonstrates a fully integrated system — renewables, seaweed (Ulva) cultivation, biogas, biogenic CO₂, green hydrogen, and Power-to-X synthesis — designed to blueprint large-scale e-fuel rollouts across Africa and MENA. Phase I (9 MWp RE: 8MW wind + 2MW solar + 10MWh BESS) delivers renewable electricity to the grid via Africa GreenCo. Phase II produces ~180 t/year biomethane and ~350 t/year e-methanol from seaweed-derived biogas and green hydrogen. Total annual low-carbon fuels output: ~550 t/year.

Team

Upon Request

Type of Project

Private Company project

Stage

Development / Pre-Construction (BFS Stage)

Employment

Temporary: 100

Permanent: 50

Seasonal: 40

Annual Revenue (in EUR)

Upon Request

Total Project CAPEX (N$)

USD 33 million

Source of Current Income and Use of Capital:

Current income: Own equity & sweat capital (USD 1.5M), Technical Assistance from IMO/AfIDA/GET.invest/Deloitte (USD 0.3M). Use of capital: Environmental & Social Impact study, ISCC pre-audit, financial model, detailed engineering, financial advisory, project financing costs.

Financing needs (N$) / Type of financing needed

1. Equity in SeaH4 (Pty) Ltd/Kaoko GES – Project Sponsor: USD 3M
2. Equity in SKORPIoN (Pty) Ltd – DEVEX Phase: USD 4M
3. Equity/Debt in Low-Carbon Fuels Component (Phase II): USD 16M CAPEX
4. Equity/Debt in IPP SPV (Phase I NEWCO): USD 15M CAPEX

Total DEVEX: USD 5.8M (USD 1.8M spent + USD 4.0M needed)

Blended finance: Own funds (USD 1.5M), TA (USD 0.3M), Grants (USD 8M), Construction Equity (USD 8M), Project Finance (USD 17M)

The Company is looking for:

Financing, Joint Venture Partner, Technology Solution and Market / Offtake Partners

Planned allocation of fundraising capital

Phase I – Renewable Electricity (NEWCO): USD 15M

2 × 4 MWp wind turbines, 2 MWp solar PV, 10 MWh BESS, 40 kV grid connection

Phase II – Alternative Fuels (SKORPIoN): USD 18M

6 ha Ulva aquafarm, 1,500 m³ anaerobic digester, membrane-based gas upgrading, PtX e-methanol synthesis, electrolysis (<100 t H₂/year)

DEVEX (total): USD 5.8M

Feasibility/Due Diligence

Technical: Advanced – All major supplier quotes received (wind, solar, BESS, aquafarm, AD, PtX). Technology partners identified: SeaH4, Kaoko, PRF, CAE & PtX vendors. Wind turbines pre-approved by Aviation Authority. Bankable Feasibility Study (BFS) in progress with GET.invest support. SeaH4 operates its own demonstration plant in Cape Town.

Financial: Financial model in preparation by GET.invest. DEVEX USD 1.8M already spent (ESIA, ISCC pre-audit, financial model). Annual Revenue: Phase I ~USD 1.8M/year (power); Phase II ~USD 0.4M/year (fuels). Payback: >10 years (pilot scale). IRR not primary focus – pilot for validation and scale-up. Cross-subsidisation: Phase I IPP revenue stabilises Phase II fuels pilot.

Environmental: ESIA submitted to MEFT for Environmental Clearance Certificate (ECC). Single integrated ESIA covers wind, solar, BESS, aquafarm, AD, CO₂ upgrading & PtX. Site located in sparsely populated coastal zone – no land-use conflicts. 10 ha coastal site north of Swakopmund, adjacent to 40 kV substation.