Namibia is home to huge mining sectors in uranium, copper, diamonds and other precious elements, which could now become cleaner using solar power.
Appian Capital Advisory LLP (“Appian”) has bought the majority shareholding in Rosh Pinah Solar Park from Emesco Energy.
This strategic move is set to power the Rosh Pinah Zinc Corporation’s mining operations in Namibia with clean energy, highlighting Appian’s commitment to decarbonising its investment portfolio.
The acquisition aligns with the expansion of Rosh Pinah Zinc’s mining project, RP2.0, which aims to increase ore production significantly.
The solar deal will now not only supply 30% of the energy required for this expansion but also secure energy at a fixed rate, reducing the mine’s energy costs by 8% over the next 15 years.
Appian plans to enhance the solar plant’s capacity from 5.4MW to 16.3MW, thus bolstering the mine’s sustainability by substantially cutting its carbon emissions by 14kt annually.
This reduction is equivalent to planting 20,000 trees, marking a major step in environmental conservation.
Emesco Energy will continue to operate the solar plant, ensuring the smooth implementation of the expansion, which leverages Appian’s expertise from similar projects in Brazil.
Namibia, which relies heavily on energy imports, stands to benefit significantly from increased local energy production facilitated by this initiative.
