https://www.engineeringnews.co.za
Aluminium|Construction|electrification|Energy|Industrial|Mining|Power|PROJECT|Projects|Refinery|Renewable Energy|Renewable-Energy|Solar|Sustainable|Operations
Aluminium|Construction|electrification|Energy|Industrial|Mining|Power|PROJECT|Projects|Refinery|Renewable Energy|Renewable-Energy|Solar|Sustainable|Operations
aluminium|construction|electrification|energy|industrial|mining|power|project|projects|refinery|renewable-energy|renewable-energy-company|solar|sustainable|operations

New deal makes Rio Tinto Australia’s biggest renewable energy buyer

The deal is a major step in the work to repower the Gladstone production assets, including the Boyne aluminium smelter (pictured), Yarwun alumina refinery and Queensland Alumina refinery.

The deal is a major step in the work to repower the Gladstone production assets, including the Boyne aluminium smelter (pictured), Yarwun alumina refinery and Queensland Alumina refinery.

21st February 2024

By: Creamer Media Reporter

     

Font size: - +

Mining group Rio Tinto has signed Australia’s biggest renewable energy power purchase agreement (PPA) to supply its Gladstone operations in Queensland, agreeing to buy the majority of electricity from the planned 1.4 GW Bungaban wind project developed by Andrew Forrest’s Windlab.

The agreement, which follows an announcement last month of a PPA for the Upper Calliope solar farm in Queensland, will make Rio Tinto the biggest industrial buyer of renewable power in Australia. It is also a key step in the work to repower the company’s Gladstone production assets, including the Boyne aluminium smelter, Yarwun alumina refinery and Queensland alumina refinery.

Under the new PPA with Windlab, Rio Tinto will buy 80% of all power generated from the Bungaban wind energy project over 25 years. The project, which is currently in early development, will be built and operated by Windlab at a site in Queensland about 40 km from the town of Wandoan, and 290 km south-west of Gladstone, subject to development and grid connection approvals.

The remaining 20% of the project’s generated electricity will supply Australia’s National Electricity Market, delivering clean electricity to homes and businesses.

The PPA is the second renewable power deal signed for Rio Tinto’s Gladstone operations, after the recent agreement signed with European Energy to drive development of the 1.1 GW Upper Calliope solar farm.

Once developed, the combined 2.2 GW of renewable PPAs with Windlab and European Energy have the potential to lower carbon emissions by about five-million tonnes a year and could generate the equivalent of 10% of Queensland’s current power demand.

“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.

“The task remains challenging, but we have a pathway to provide the competitive, firmed power our Gladstone plants need and we are continuing to work hard with all stakeholders, including the Queensland and Australian governments, on getting there,” said Rio Tinto CEO Jakob Stausholm.

Once approved, construction of the Bungaban project is targeted to start in late 2025 and is expected to produce electricity by 2029, employ up to 600 people during construction and support up to 30 permanent jobs when operating.

“This agreement highlights the importance of large-scale renewable energy projects in shoring up Queensland’s powerhouse traditional industries, particularly minerals and advanced processing, which employ thousands of people in regional communities across the state and have a key role to play in our nation’s low-carbon future,” said Windlab CEO John Martin.

Rio Tinto will continue to engage with potential partners to assess other proposals to help competitively meet the energy needs of its three production assets in the Gladstone region. These assets require more than 1 GW of reliable power to operate, which equates to over 4 GW of quality wind or solar power with firming. Potential further electrification of plant processes could increase their electricity demand in the future.

Edited by Creamer Media Reporter

Comments

Showroom

John Thompson
John Thompson

John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (12/04/2024)
12th April 2024 By: Martin Creamer
Magazine round up | 12 April 2024
Magazine round up | 12 April 2024
12th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.061 0.11s - 160pq - 2rq
Subscribe Now