Appian signs Brazil clean energy partnership and equity investment to accelerate portfolio decarbonization strategy
Retrieved on:
Thursday, June 1, 2023
LONDON, June 1, 2023 /PRNewswire/ -- Appian Capital Advisory LLP ("Appian" or the "Company"), the investment advisor to long-term value-focused private equity funds that invest solely in mining and mining-related companies, and Detronic Energia ("Detronic"), an experienced renewable energy solutions provider in Brazil, are pleased to announce a clean energy partnership in Minas Gerais, Brazil.
Key Points:
- Appian has entered into a joint venture partnership with Detronic to develop a portfolio of 20 ready-to-build solar parks.
- The Detronic Appian partnership is a core element of Appian's clean energy and mining adjacent strategy to support the business' ambitions to decarbonise its operations and simultaneously improve margins.
- Alongside its environmental and economic benefits, this partnership will enable Appian to further develop its inhouse clean energy and sustainability expertise, particularly around incorporating renewable projects into Appian mine sites going forward.
- With this 360° structure Detronic is able to support across the value chain for the development of clean energy portfolio.