RIO rio tinto limited

News: RIO Rio Tinto Signs Australia's Biggest Renewable Power Deal

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    Feb 21 (Reuters) - Rio Tinto Ltd (RIO) :

    • RIO TINTO SIGNS AUSTRALIA'S BIGGEST RENEWABLE POWER DEAL-RIO.AX
    • SIGNS AUSTRALIA'S BIGGEST RENEWABLE POWER DEAL AS IT WORKS TO REPOWER ITS GLADSTONE OPERATIONS
    • SIGNED RENEWABLE POWER PURCHASE AGREEMENT (PPA) TO DATE TO SUPPLY ITS GLADSTONE OPERATIONS IN QUEENSLAND
    • UNDER NEW PPA WITH WINDLAB, RIO TINTO WILL BUY 80% OF ALL POWER GENERATED FROM BUNGABAN WIND ENERGY PROJECT OVER 25 YEARS
    • AGREEING TO BUY MAJORITY OF ELECTRICITY FROM WINDLAB'S PLANNED 1.4GW BUNGABAN WIND ENERGY PROJECT
    • REMAINING 20% OF PROJECT'S GENERATED ELECTRICITY WILL SUPPLY AUSTRALIA'S NATIONAL ELECTRICITY MARKET
    • ONCE APPROVED, CONSTRUCTION OF BUNGABAN PROJECT IS TARGETED TO START IN LATE 2025 AND IS EXPECTED TO PRODUCE ELECTRICITY BY 2029
    • ONCE DEVELOPED, COMBINED 2.2GW OF RENEWABLE PPAS WITH WINDLAB & EUROPEAN ENERGY HAVE POTENTIAL TO LOWER CARBON EMISSIONS BY ABOUT 5 MILLION TPA
    • BUNGABAN PROJECT IS EXPECTED TO EMPLOY UP TO 600 PEOPLE DURING CONSTRUCTION
 
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Last
$117.23
Change
1.080(0.93%)
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