Namibia’s mining sector is set to benefit from a significant solar power initiative led by Appian Capital Advisory LLP’s acquisition of Rosh Pinah Solar Park. This will power the Rosh Pinah Zinc Corporation, support an expansion project, reduce energy costs, and decrease carbon emissions dramatically, symbolizing a major advance in the sector’s sustainability efforts.
Namibia is characterized by significant mining sectors encompassing uranium, copper, diamonds, and other essential minerals, which are poised for a transformation through the integration of solar energy. Appian Capital Advisory LLP has acquired a majority share in Rosh Pinah Solar Park from Emesco Energy. This acquisition is aimed at providing clean energy for the Rosh Pinah Zinc Corporation’s mining operations, reflecting Appian’s dedication to decarbonizing its investment portfolio.
This acquisition coincides with the ongoing expansion of Rosh Pinah Zinc’s mining project, known as RP2.0, which is projected to significantly increase ore production. The solar energy agreement is designed to supply 30% of the energy needs for this expansion while securing energy at a fixed rate, ultimately diminishing the mine’s energy expenses by 8% over 15 years.
Furthermore, Appian intends to expand the solar facility’s capacity from 5.4MW to 16.3MW, which is expected to enhance the mining operation’s sustainability by reducing carbon emissions by approximately 14,000 tonnes annually. This reduction is comparable to the environmental benefit of planting 20,000 trees and represents a substantial advancement in ecological preservation. Emesco Energy will maintain operational control of the solar plant to ensure effective execution of the expansion, drawing upon Appian’s extensive experience from similar initiatives in Brazil.
Given Namibia’s heavy reliance on energy imports, this initiative has the potential to significantly increase local energy production, yielding broader benefits for the nation.
In conclusion, the integration of solar power into Namibia’s mining sector signifies a pivotal move towards sustainable energy practices. The acquisition by Appian Capital not only facilitates the Rosh Pinah Zinc Corporation’s energy needs but also demonstrates a commitment to reducing carbon emissions and environmental conservation. This initiative could enhance local energy production, contributing positively to Namibia’s energy landscape.
Original Source: www.energylivenews.com
