Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 94

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 94
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 Corporation, we are progressing the development of an 80MW solar PV facility near Karratha.We are also exploring a renewable energy project with the Yindjibarndi Energy Corporation (YEC) consisting of 75MW of solar on agreenfield site near Millstream Chichester National Park.Beyond the Pilbara, we have made substantial progress on renewables deployment around the world with our own capital investments andthrough commercial agreements. This includes projects at Kennecott and Diavik, PPAs at Gove, Amrun, QIT Madagascar Minerals, RichardsBay Minerals, Escondida and in the US. In addition, we have procured and retired bundled and unbundled energy attribute certificates(EACs, including Renewable Energy Certificates and Guarantees of Origin) for select locations around the world, though these representless than 5% of our total electricity use. |
| Develop greenrepowering solutionsfor the Boyne Islandand Tomago smelters                          |     | For our Gladstone assets, we have signed PPAs for a combined 2.2GW of renewable energy, catalysing the development of new large-scalerenewable energy in Queensland. Government support for repowering is needed to maintain competitiveness of the highly energy-intensive,low-margin smelters. We secured a standalone support agreement with the Queensland Government in August 2024, and in early 2025, theAustralian Government announced an aluminium production credit to help sustain and grow aluminium smelting in Australia. Together theseinitiatives provide critical support for our Gladstone aluminium operations’ transition to renewable energy. Early in 2024, Tomago launched aRequest for Proposal process seeking proposals from market participants for renewable energy and storage solutions. The processhighlighted significant cost and schedule complexities in the New South Wales energy market, introducing risks to finding a competitiverepowering solution for the Tomago smelter. We continue to partner with industry, energy market participants and governments to identifyrepowering pathways for a competitive, low-carbon future for aluminium in New South Wales.                                                                                                                                                                                                                                                                                                                                                                      |
| Advance thedeployment of zeroemissions trucks                                                     |     | We continue to work with BHP, Caterpillar and Komatsu to accelerate the development of battery-electric haul trucks. In addition wehave invested in the deployment of 8 smaller-sized battery-swap electric trucks at Oyu Tolgoi. However, we do not expect wide-scaledeployment if large-scale electric trucks before 2030 due to technology maturity globally.Given this slower