Rio Tinto signs a 15-year virtual power purchase agreement with TerraGen’s wind farm in Texas to supply Kennecott copper operations in Utah with 78.5 MW of renewable power. This move aligns with Rio Tinto’s goal to reduce emissions and reach net-zero operations by 2050.

The agreement strengthens Rio Tinto’s renewable energy position and supports greenfield renewable capacity expansion in the U.S. The company aims to increase its global power needs sourced from renewables to 90% by the end of the decade. The VPPA supports grid decarbonisation and efforts to reduce the carbon footprint of copper.

Major miners like Rio Tinto are rapidly scaling renewable procurement to manage exposure to carbon costs, meet low-carbon material demands, and stabilize long-term energy prices in the U.S. market. The company’s move reflects a broader trend among industry players towards sustainability and decarbonisation to meet climate goals and customer expectations.

Read more at Yahoo Finance: Rio Tinto Inks New Wind Power Deal to Advance Kennecott Decarbonisation