INVESTORS AND MEDIA In the news
Pacific Energy has inked a deal with gold mining company Gold Fields to design and construct a 35MW solar farm for the St Ives gold mine, located 80km south of Kalgoorlie in Western Australia's Eastern Goldfields region.
The solar farm is a part of Gold Fields' landmark $296 million St Ives Renewables Project, which also includes 42MW of wind power. The system is expected to power the mine site using upwards of 70% renewable energy and will reduce the mine's carbon emissions by about 50% by 2030.
The St Ives Renewables Project is the first time Gold Fields has managed a renewables project in-house. The solar farm is the largest array Pacific Energy has ever been commissioned to deliver and will meet nearly half of the power system's renewable energy target.
Pacific Energy CEO Jamie Cullen said, "Gold Fields is taking firm steps to significantly reduce its Scope 1 and 2 emissions by 2030, and we're committed to helping them achieve this. Our engineers have factored in scalability to the solar design so that Gold Fields could expand its solar contribution almost immediately if it needed to.
"Design and installation solar contracts like this one, which sit between gigawatt and residential scale systems, are particularly suited to Pacific Energy's specialist renewable energy capabilities. They allow us to help our partners transition their energy mix using their existing systems, or, like this one, as a part of a larger, client-managed project.
"A key lesson we've learned over the years is that the design needs to be flexible and account for the rapid changes we're seeing in the renewable energy transition."
Pacific Energy will commence civil work on the solar farm in November this year and expects it to be fully operational in 2026.