BHP to sign off-take deals for 317 MW Port Augusta Renewable Energy Park (PAREP) - Phase 1

BHP is planning to enter into renewable energy supply arrangements with Iberdrola Australia with the aim to reduce emissions by 50% at its Olympic Dam copper-uranium mine site in Australia. The required power will be taken from the 317 MW PAREP project.

The Port Augusta Renewable Energy Park is a solar-wind hybrid plant located on the coastal plain southeast of Port Augusta in South Australia. Worth AUD500 million (US$539 million), the plant is expected to be operational in July 2022. BHP will become the primary customer of the project.

The renewable energy supply arrangements referred to will include a retail agreement with Origin Energy, which will facilitate the arrangements.