16 December 2020
Listed renewable energy developer Tilt Renewable says it has landed a long term contract with major mining company Newcrest that will underpin the development of what will be the biggest wind project in NSW – the 400MW Rye Park project north of Yass near the Southern Highlands.
Tilt and Newcrest has signed up for a 15-year supply deal for its Cadia gold mine in western NSW, that will account for around 55 per cent of the output of Rye Park and will include electricity and green products. The pricing has not been revealed.
Newcrest says the deal is important to support the long term future of the Cadia mine, saying the deal guarantees its energy supply costs will remain competitive and will deliver a significant reduction in emissions.