October 14, 2021 Read More →

Mining giant BHP signs deal for renewable energy to run Olympic Dam mine in South Australia

Renew Economy:

Global mining giant BHP says it has signed a landmark deal with Iberdrola Australia to slash its emissions at the giant Olympic Dam mine by taking power from the new Port August Renewable Energy Park in South Australia.

Olympic Dam is one of the biggest copper, gold and uranium deposits in the world, and PAREP will be Australia’s biggest wind and solar hybrid facility with 210MW of wind and 110MW of large scale solar when it is fully commissioned next year.

PAREP, which recently completed the installation of its last wind turbine, has been built near the site of the state’s last coal fired power station which was closed in 2016.

BHP says the contract with Iberdrola will slash emissions from the electricity supply to Olympic Dam by half, and it will also means the mine will become the biggest single customer for the new wind and solar project.

The exact details of the agreement between BHP and Iberdrola were not released, but Olympic Dam has in the past revealed that it consumes around 200MW of power at any one time for its mining and processing operations. The deal will be managed by Origin Energy and will also include a “firming” element from Iberdrola, which also operates the Lake Bonney battery in South Australia, and two fast start gas generators it has leased from the state government.

“This is an industry leading achievement and an important step in the transition to 24/7 renewable energy supply,” the two companies said in a statement, noting it will reduce Olympic Dam’s emissions from electricity by 50% by 2025.

[Giles Parkinson]

More: BHP signs landmark renewable energy deal for huge Olympic Dam mine

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