Appian Capital Advisory Acquires Majority Stake in Rosh Pinah Solar Park
Deal News | Feb 19, 2025 | Appian Capital Advisory
Appian Capital Advisory LLP, an investment advisor specializing in metals and mining sectors, has announced plans to acquire a majority shareholding in the Rosh Pinah Solar Park (RPSP) from Emesco Energy. This acquisition is part of Appian's strategy to decarbonize its portfolio, providing clean energy to its portfolio company, Rosh Pinah Zinc Corporation, situated in Namibia. The transition will lead to an 8% energy cost reduction for the mine and cover 30% of its expansion project's energy requirements. Appian intends to bolster the solar plant's capacity from 5.4MWp to 16.3MWp. The initiative aligns with Namibia's high solar potential and supports national energy independence, while simultaneously offering risk-adjusted returns for Appian's investors. The transaction underscores Appian's clean energy strategy, following similar initiatives in Brazil, anticipating substantial carbon emission reductions equivalent to planting over 20,000 trees annually. Founder Michael Scherb highlights this investment as a critical move to further Appian’s decarbonization goals.
Sectors
- Renewable Energy
- Metals and Mining
- Investment Advisory
Geography
- Namibia – The article focuses on the investment in a solar park located in Namibia, which will provide energy to a zinc mine there.
- Brazil – Mentioned in the context of Appian’s broader solar initiatives, contributing to their global renewable energy strategy.
Industry
- Renewable Energy – The article discusses the acquisition of a solar park, highlighting the transition to clean energy.
- Metals and Mining – Appian Capital Advisory invests in companies involved in the metals and mining sectors, including Rosh Pinah Zinc.
- Investment Advisory – Appian Capital Advisory is a private capital investment advisor, dealing in sustainable investments.
Financials
- 8% – The reduction in energy costs for Rosh Pinah Zinc due to the solar plant investment.
- 14kt CO2 – The annual reduction in carbon emissions due to the increased capacity of the solar plant.
- 30% – The portion of energy needs for Rosh Pinah Zinc's expansion project to be met by the solar plant.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Appian Capital Advisory LLP | Bidding Company | Company | An investment advisor focused on long-term investments in metals, mining, and renewable sectors. |
| Emesco Energy Namibia (Pty) Ltd. | Selling Company | Company | A vertically integrated renewable energy business operating in the SADC region. |
| Rosh Pinah Solar Park | Target company | Company | A solar park facility supplying clean energy to Rosh Pinah Zinc Corporation's mine in Namibia. |
| Rosh Pinah Zinc Corporation | Customer/Offtake | Company | A mining company in Namibia, benefiting from the solar energy acquired from RPSP. |
| Michael W. Scherb | CEO of Appian | Person | Founder and CEO of Appian Capital Advisory LLP. |
| Rinus Strydom | Managing Director of Emesco Energy | Person | Leader at Emesco Energy, a renewable energy company in Namibia. |