Namibia’s mining sectors in uranium, copper, and diamonds may transition to cleaner energy with solar power. Appian Capital Advisory LLP has acquired a majority stake in Rosh Pinah Solar Park, bringing renewable energy to mining operations, reducing costs, and enhancing sustainability. The project aims to cut carbon emissions significantly, benefiting the environment and local energy production.
Namibia is recognized for its substantial mining sectors that include uranium, copper, diamonds, and various precious elements, which now have the opportunity to transition to cleaner energy through solar power. Appian Capital Advisory LLP recently acquired a majority share of the Rosh Pinah Solar Park from Emesco Energy, signifying a commitment to decarbonizing its portfolio while enhancing mining operations with renewable energy.
This acquisition supports the expansion of Rosh Pinah Zinc Corporation’s mining initiative, RP2.0, which focuses on significantly increasing ore production. The newly structured solar deal is set to supply 30% of the energy necessary for this project while securing a fixed energy rate, resulting in an 8% reduction in energy costs over the next 15 years.
Appian has plans to enhance the solar plant’s capacity from 5.4MW to 16.3MW. This upgrade aims to improve the mine’s sustainability by greatly decreasing carbon emissions by 14 kilotons per year, which is comparable to the environmental benefit of planting approximately 20,000 trees.
Emesco Energy will continue to manage the solar plant, ensuring the effective implementation of the expansion project that benefits from Appian’s extensive experience from similar projects in Brazil. Additionally, this initiative is crucial for Namibia as it seeks to reduce its reliance on imported energy by enhancing local energy production.
In conclusion, the collaboration between Appian Capital Advisory LLP and Rosh Pinah Zinc Corporation exemplifies a significant move towards cleaner mining operations in Namibia through solar energy. By expanding solar capacity and reducing carbon emissions, the project promises not only to lower costs but also to contribute positively to the environment. This initiative holds great promise for sustainable energy production in Namibia’s mining sector, which could result in long-term benefits for both the industry and the environment.
Original Source: www.energylivenews.com
