According to The Australian Financial Review, BlueScope Steel signs the largest solar power purchasing deal ever by an industrial energy user in Australia, to lock into cheap renewables generation and rein in its energy costs which have ballooned by more than $50 million in the past two years.
The seven-year contract will underpin a new 500,000-panel solar farm to be built in the NSW Riverina district by ESCO Pacific and will cover a fifth of all the steelmaker's Australian electricity purchases.
John Nowlan, head of Australian steel products at BlueScope, said the supply will sit alongside the steelmaker's existing arrangements for round-the-clock power to feed its plants.
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