YEC inks PPA with Rio Tinto for Jinbi Solar Project

Yindjibarndi Energy Corporation (YEC) has reached fiscal adjacent connected the Jinbi Solar Project successful Western Australia’s Pilbara portion and signed a 30-year powerfulness acquisition statement (PPA) with mining elephantine Rio Tinto.

This marks the archetypal task by YEC to scope this stage, 3 years aft its enactment successful concern with the Yindjibarndi Aboriginal Corporation and ACEN Corporation.

The fiscal adjacent indicates that indispensable funding, contractual agreements and biology approvals indispensable for operation person been secured.

Under the PPA, YEC volition supply 100% of the energy produced from signifier 1 to Rio Tinto, aiding successful the decarbonisation of its Pilbara Iron Ore operations erstwhile the task becomes operational.

YEC CEO Craig Ricato said: “Reaching fiscal adjacent connected our archetypal task successful the Pilbara wrong 3 years of the partnership’s cognition is simply a important milestone for YEC and our shareholders, the Yindjibarndi Traditional Owners and ACEN.

“It confirms that a Yindjibarndi-led project, grounded successful state and culture, tin conscionable the rigorous commercialized requirements of the vigor marketplace portion staying existent to our values and governance responsibilities.”

According to Rio Tinto, signifier 1 of the Jinbi Solar Project volition diagnostic a 75MW-alternating existent (MWac) star facility, with imaginable enlargement to 150MWac and imaginable integration of artillery vigor retention systems, pending regulatory approvals and aboriginal readying decisions.

Rio Tinto robust ore CEO Matthew Holcz said: “We are arrogant to beryllium portion of the Jinbi project, which reflects years of enactment by galore and led by the Yindjibarndi people.

“Developing renewable vigor connected Yindjibarndi Country, successful concern with its accepted custodians, creates enduring worth – supporting our operations portion contributing to semipermanent economical opportunities connected country.”

After achieving fiscal close, YEC authorised DT Infrastructure, its engineering, procurement and operation contractor, and Rapid Camps, its operation accommodation provider, to statesman work.

Construction volition commencement arsenic planned, with afloat operations expected by mid-2028, which volition initiate the 30-year PPA period.

Preliminary tract enactment is successful progress, with Yurra, a Yindjibarndi Nation endeavor and YEC's chosen civilian works partner, managing tract mentation and mobilisation for construction.

"YEC inks PPA with Rio Tinto for Jinbi Solar Project" was primitively created and published by Power Technology, a GlobalData owned brand.

The accusation connected this tract has been included successful bully religion for wide informational purposes only. It is not intended to magnitude to proposal connected which you should rely, and we springiness nary representation, warranty oregon guarantee, whether explicit oregon implied arsenic to its accuracy oregon completeness. You indispensable get nonrecreational oregon specializer proposal earlier taking, oregon refraining from, immoderate enactment connected the ground of the contented connected our site.