Market Herald logo


Be the first with the news that moves the market
  • Fortescue Metals is partnering with Alinta Energy to fully power its Chichester Hub using solar energy during day-time operations
  • A 60 megawatt solar generation facility will be installed at the Christmas Creek and Cloudbreak operations
  • Alinta will receive more than $114 million in funding upon satisfaction of conditions
  • Fortescue is up 0.92 per cent with shares trading for $8.24 apiece

Fortescue Metals is partnering with Alinta Energy to power its Chichester Hub iron ore operations by solar energy for all day-time operations.

The Chichester Solar Gas Hybrid project will see the construction of a 60 megawatt (MW) solar generation facility at Fortescue’s Christmas Creek and Cloudbreak mining operations.

In addition, a 60-kilometre long transmission line to link Christmas Creek and Cloudbreak mining operations with Alinta’s Newman gas-fired power station and a 35MW battery facility will be constructed with completion due mid-2021.

Once completed, up to 100 per cent of daytime stationary energy requirements at the Chichester Hub will be provided by solar generation.

The remaining power requirements will be met through the integrated battery storage and gas power station facilities.

The Chichester Project is expected to displace around 100 million litres of diesel fuel per year, used in the existing Christmas Creek and Cloudbreak power stations.

“This landmark project is a first on this scale for the Pilbara and will reduce carbon emissions from stationary generation by around 40 per cent at Fortescue’s Christmas Creek and Cloudbreak mining operations,” Fortescue CEO Elizabeth Gaines said.

Alinta will receive Federal funding of $24.2 million from the Australian Renewable Energy Agency (ARENA) and $90 million from the Northern Australian Infrastructure Facility (NAIF) upon satisfaction of standard conditions.

“Alinta’s project will demonstrate how renewable energy solutions can deliver critical energy requirements for major mining operations and help reduce emissions,” ARENA CEO Darren Miller said.

“This will also show how interconnection of loads and different generation and storage — including solar, gas and battery storage — can provide secure and reliable electricity,” he added.

Fortescue is up slightly with shares trading for $8.24 apiece at 2:43 pm AEDT.

FMG by the numbers
More From The Market Herald
CIMIC Group (ASX:CIM) - Chairman & CEO, Juan Santamaria

" CIMIC Group’s (ASX:CIM) CPB Contractors wins South Australia road contracts

CPB Contractors, a subsidiary of CIMIC Group (CIM), has been awarded road projects in South Australia.

" Watchdog sues Coles (ASX:COL) over staff underpayments

Coles (COL) has been accused of underpaying more than 7500 employees by $115 million between 2017 and 2020, according to an investigation by

" Macquarie Group (ASX:MQG) appoints former RBA Governor as new chair

Banking and financial services giant Macquarie Group (MQG) has appointed the former Governor of the Reserve Bank of Australia (RBA), Glenn Stevens, as
Woolworths Group (ASX:WOW) - CEO, Brad Banducci

" Woolworths (ASX:WOW) swoops on Wesfarmers’ (ASX:WES) API takeover (ASX:API)

Woolworths Group (WOW) has swooped on retail-competitor Wesfarmers (WES) takeover offer for Australian Pharmaceuticals Industries (API).