Rio Tinto: Mining Company and Fortescue Metals

rio tinto: Forrest's mining company, Fortescue Metals, is also investing in a 60MW solar farm to reduce the costs of fossil fuel generation, a move that could be repeated by Gina Rinehart's Roy Hill mining operations and Rio Tinto's iron ore projects in the Pilbara, according to Australian Broadcasting Corporation. Sun Brilliance Power chair Ray Wills would neither confirm nor deny Forrest's investment in Cunderdin, but did confirm with Renew Economy that the solar farm had secured a backer, conditional to its access to the local grid. It's the second time in a matter of weeks that the former CEO of Fortsecue Metals Group has turned up in the media in connection with major renewable energy projects, after he was last month named as significant backer of the massive Northern Territory Sun Cable project. The project one of the largest solar farms proposed for Western Australia, and one of the first and biggest in the country to be planned on a purely merchant basis, which it sells power to the grid and takes the spot price has struggled to make it to financial close. adsbygoogle window.adsbygoogle .push ;But with a major investor now all-but locked in, Sun Brilliance Power is confident Cunderdin can clear any final grid connection hurdles and be ready to turn the sod by March, 2020. I can confirm we've got a backer, but that is conditional on our access to the grid, which we had contracts for. It's actually a project that's ready to execute, we just need to get to an investment decision and ensure that we can get our electrons to the network, Wills told Renew Economy in an interview on Friday. (news.financializer.com). As reported in the news.