Business News
The future shape of WA’s energy market has become a little clearer this year, but there are many pieces needed to finish the puzzle.
Goldmining giant Newmont is one of the largest energy users in Western Australia, accounting for 5 per cent of all electricity consumed in the South West.
It has also been one of the most active businesses preparing for the energy transition, having struck three deals to lock-in future supplies.
For starters, it has extended a power-purchase agreement with its current supplier, Bluewaters Power, which operates the state’s largest coal power station at Collie.
Newmont has also signed a deal to buy all the electricity and green credits produced at the state’s largest wind farm: Collgar Renewables’ Merredin wind farm.
And it has a memorandum of understanding with Perth company PGS Energy, which plans to build a giant battery and solar farm at Boddington, near Newmont’s goldmine.
The three deals should ensure Newmont has assured power supplies, irrespective of how the energy transition unfolds in WA.
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