- Write by:
-
Wednesday, February 21, 2024 - 01:55:05
-
97 Visit
-
Print
Rio Tinto Ltd has signed a renewable power purchase agreement with specialist renewable energy firm Windlab to buy the majority of electricity from its planned 1.4 giga-watt (GW) wind energy project in Queensland, the miner said on Wednesday.
Rio Tinto will buy 80% of all power generated from the Bungaban wind energy project over 25 years, the world’s largest iron ore producer said.
The project is currently in early development, and will be built and operated by Windlab in Queensland, subject to development and grid connection approvals.
The construction of the Bungaban project is targeted to start in late 2025 and is expected to produce electricity by 2029, Rio Tinto said in a statement.
“This agreement with Windlab builds on our momentum in our work to repower our Gladstone operations and provide a sustainable future for heavy industry in Central Queensland,” chief executive Jakob Stausholm said.
The remaining 20% of the Bungaban project’s generated electricity will supply Australia’s National Electricity Market.
Last month, Rio Tinto announced another renewable energy purchase deal with European Energy Australia to buy all electricity from the 1.1 GW Upper Calliope solar farm for its Gladstone operations.
Short Link:
https://www.miningnews.ir/En/News/628037
Anglo American Plc said it is has received an unsolicited non-binding combination proposal from BHP Group.
Australia’s Fortescue on Wednesday logged a larger-than-expected decline in third-quarter iron ore shipments, following ...
Iron ore futures prices ticked lower on Monday, weighed down by diminishing hopes of more stimulus in top consumer ...
Iron ore futures prices drifted higher on Thursday as the latest soft data from top consumer China triggered renewed ...
Vitol Group confirmed that it’s starting to rebuild a trading book for metals after a long stint out of the market, with ...
Australia’s Fortescue said on Monday it would form a joint venture with OCP Group to supply green hydrogen, ammonia and ...
Iron ore reversed direction after dropping to its lowest level in 10 months as optimism that the country’s economic ...
Iron ore reversed direction after dropping to its lowest level in 10 months as optimism that the country’s economic ...
Nippon Steel intends to pursue its proposed acquisition of US Steel and wants its “deep roots” in the United States to ...
No comments have been posted yet ...