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Newcrest Signs Renewable Energy PPA to Help Deliver ~20% Reduction in Greenhouse Gas Emissions

Newcrest Signs Renewable Energy PPA to Help Deliver ~20% Reduction in Greenhouse Gas Emissions
Newcrest Mining Limited has entered into a 15 year renewable Power Purchase Agreement with Tilt Renewables Limited to secure a significant part of the future projected energy requirements of its Cadia mine in New South Wales, Australia.The PPA, together with the forecast decarbonisation of NSW electricity generation, is expected to deliver a ~20% reduction in Newcrest’s greenhouse gas emissions and is a significant …
Newcrest Mining Limited (ASX: NCM) (TSX: NCM) (PNGX: NCM) has entered into a 15 year renewable Power Purchase Agreement (PPA) with Tilt Renewables Limited to secure a significant part of the future projected energy requirements of its Cadia mine in New South Wales, Australia. ....

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Newcrest Mining Limited: Newcrest Signs Renewable Energy PPA to Help Deliver ~20% Reduction in Greenhouse Gas Emissions

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Melbourne, Australia (Newsfile Corp. - December 15, 2020) - Newcrest Mining Limited (ASX: NCM) (TSX: NCM) (PNGX: NCM) has entered into a 15 year renewable Power Purchase Agreement (PPA) with Tilt Renewables Limited to secure a significant part of the future projected energy requirements of its Cadia mine in New South Wales, Australia.
The PPA, together with the forecast decarbonisation of NSW electricity generation, is expected to deliver a ~20% reduction in Newcrest s greenhouse gas emissions and is a significant step towards achieving Newcrest s target of a 30% reduction by 2030
[1].
Tilt Renewables is the owner and developer of the Rye Park Wind Farm, located north of Yass and east of Boorowa in New South Wales. From January 2024, when commercial operations are targeted to commence, Newcrest will contract for approximately 55% of Rye Park s planned ~400MW output, which is equivalent to more than 40% of Cadia s projected energy demand from calendar year 202 ....

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