ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Rio Tinto calls for proposals for large-scale wind and solar power in Queensland

Rio Tinto has called for proposals to develop large-scale wind and solar power in Central and Southern Queensland to power its aluminium assets, help meet its climate change ambitions and further encourage renewable development and industry in the region.

The approach, which is through a formal market Request for Proposals (RFP), is intended to support the development of multiple new wind and solar power projects that can, in parallel with firming solutions, start supplying power to Rio Tinto’s Gladstone assets through the Queensland grid by 2030.

Rio Tinto Aluminium Chief Executive Ivan Vella said “As Queensland’s largest energy user, we have an important role to play in driving the development of competitive renewable energy sources for our Gladstone assets and supporting the State’s renewable energy targets.

“It is early in the process, but this is an important step towards meeting both our Group climate change target of halving our emissions by the end of the decade and our commitment to net zero emissions by 2050.”

Rio Tinto is seeking proposals that can competitively meet the energy needs of its three production assets in the Gladstone region: the Boyne smelter, the Yarwun alumina refinery and the Queensland Alumina refinery.

These assets require 1140MW of reliable power to operate, which equates to at least 4000MW of quality wind or solar power with firming.

The RFP follows Rio Tinto’s October 2021 strengthening of its climate commitments, including a target to halve Scope 1 & 2 emissions by 2030 (from a 2018 baseline) and the pursuit of renewable power options for its Australian aluminium smelters.

It also follows the signing of a Statement of Co-operation with the Queensland Government to work towards establishing more renewable energy in Central Queensland.

Further announcements on the RFP will be made when appropriate.

riotinto.com

Contacts

Please direct all enquiries to media.enquiries@riotinto.com

Media Relations, Australia

Jonathan Rose

M +61 447 028 913

Matt Chambers

M +61 433 525 739

Jesse Riseborough

M +61 436 653 412

Rio Tinto plc

6 St James’s Square

London SW1Y 4AD

United Kingdom

T +44 20 7781 2000

Registered in England

No. 719885

Rio Tinto Limited

Level 7, 360 Collins Street

Melbourne 3000

Australia

T +61 3 9283 3333

Registered in Australia

ABN 96 004 458 404

Category: General

Recent Quotes

View More
Symbol Price Change (%)
AMZN  234.92
+1.04 (0.44%)
AAPL  284.00
+0.90 (0.32%)
AMD  225.13
+5.38 (2.45%)
BAC  53.23
-0.01 (-0.01%)
GOOG  316.56
+1.44 (0.46%)
META  642.89
+2.02 (0.32%)
MSFT  489.19
+2.45 (0.50%)
NVDA  185.34
+5.43 (3.02%)
ORCL  208.14
+7.20 (3.58%)
TSLA  430.42
+0.28 (0.07%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.