Weir Minerals Australia has signed an agreement with ENGIE Australia & New Zealand to source renewable energy for its operations in New South Wales and Queensland. The deal will deliver significant carbon reductions in line with Weir Group’s sustainability goals, while locking in energy supply and price stability.
The renewable energy from Weir Minerals’ Power Purchase Agreement (PPA) represents a reduction of more than 100,000 tonnes of carbon emissions (CO2e) over the lifetime of the five-year agreement. The PPA is one of the first of its kind between a renewable energy provider and a major supplier to the Australian resources sector.
Weir is targeting a 50 per cent reduction in CO2e emissions by 2030 and achieving zero by 2050 across the globe. Beyond the carbon reduction, the PPA will also provide Weir Minerals with security of supply, price stability and significant cost savings within an often-volatile energy market.
Jazib Farid, Weir Minerals Australia environmental engineer, said: “Weir’s clear focus on making mining more sustainable and efficient includes leading by example and reducing the footprint of our own operations. Through our agreement with ENGIE, we are able to increase our use of renewable energy: a key factor in building a more sustainable business.”