A major renewable energy deal inked by Rio Tinto will underpin $2 billion of investment in solar farms and batteries in central Queensland and is being hailed as a milestone towards the eventual supply of round-the-clock solar power.
Rio will buy 90 per cent of the output from two adjacent solar and battery projects to be built by Edify Energy for 20 years to use at its energy-intensive aluminium operations around Gladstone. The deal is among the largest renewables deals signed with an industrial company, says Edify founder and chief executive John Cole.
