Rio Tinto Inks Power Deal With European Energy for Giant Australia Solar Farm
24 January 2024 - 9:15AM
Dow Jones News
By Rhiannon Hoyle
Rio Tinto said Wednesday it has agreed to buy electricity from
the planned Upper Calliope solar farm in eastern Australia to power
its Gladstone operations, underpinning development of Australia's
largest solar farm and marking another step toward curtailing its
carbon emissions in the years ahead.
The Anglo-Australian miner, which is seeking to halve its global
Scope 1 and 2 carbon emissions this decade, said it has signed a
power purchase agreement with developer European Energy to buy all
power generated from the more-than 1 gigawatt Upper Calliope solar
farm for 25 years.
It said the solar farm could help power Rio Tinto's three
Gladstone production assets, the Boyne aluminium smelter, the
Yarwun alumina refinery and the Queensland Alumina refinery.
The solar farm, construction of which is targeted in 2025 or
2026, could lower Rio Tinto's operating carbon emissions by 1.8
million metric tons a year, the miner said.
Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com
(END) Dow Jones Newswires
January 23, 2024 17:00 ET (22:00 GMT)
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