London-headquartered investment advisor Appian Capital Advisory LLP (Appian) aims to buy the majority stake in Rosh Pinah Solar Park (RPSP) in Namibia from Emesco Energy Namibia.
The solar project, Appian said on February 19, will exclusively supply clean energy to Rosh Pinah Zinc Corporation for its mine, Rosh Pinah Zinc in the southwestern African nation under a 15-year offtake agreement.
Through the energy project, the mine will be able to reduce its energy costs by 8% over the next 15 years and carbon emissions by 14,000 yearly.
In terms of the deal, Appian plans to boost the plant's generation from a peak of 5.4 megawatts (MW) to 16.3 MW.
Appian founder and CEO, Michael W. Scherb said:
"The project is another important step for Appian’s clean energy strategy following the development of our solar plant operations in Brazil. I look forward to working with our team to deliver on the opportunity this investment offers the business."
Namibia has some of the most favourable conditions for solar energy production globally, with a high number of annual sunshine hours. It, however relies on almost 3,000 gigawatt hours of imports per year, which accounts for approximately 75% of its annual energy usage thus Appian’s investment in the project and its clean energy supply will support the country’s energy independence.
Related Articles
Nigeria’s House probes stalled $35mn Brass modular refinery project
Nigeria’s House of Representatives has launched an investigation into the status of the $35mn Brass modular refinery in Bayelsa State, four years after public funds were committed to its ... more
Nigeria Infrastructure Debt Fund posts 23% profit rise, yields outpace FGN bonds
The Nigeria Infrastructure Debt Fund (NGX:NIDF), West Africa’s first listed infrastructure debt fund, reported continued asset and income growth in its unaudited Q3 2025 interim financial ... more
Nigeria finalises $2.6bn bond plan to clear power-sector arrears
Nigeria’s Federal Government has completed the implementation frameworks for an NGN4 trillion ($2.6bn) bond, designed to settle verified debts owed to power generation companies (GenCos) and gas ... more