Rio Tinto (RIO) has approved construction of a new 25-megawatt solar plant at its Kennecott copper operation in Utah, bringing the mine’s total solar capacity to 30MW. The new solar plant will be located next to Kennecott’s existing 5MW solar plant, which was completed in 2023. Together, the two solar plants will reduce Kennecott’s Scope 2 emissions by approximately 6%, or 21,000 tons of carbon dioxide equivalent per year, Rio Tinto said in a statement. Construction of the 25MW solar plant is expected to be completed next year and create short-term employment opportunities for up to 100 laborers, as well as a small number of long-term operations and maintenance roles. Bechtel Corporation will design and manage construction of the plant.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RIO:
- Palantir renews multi-year enterprise agreement with Rio Tinto
- Rio Tinto price target raised to 6,100 GBp from 5,600 GBp at Barclays
- Unusually active option classes on open November 8th
- Aldebaran Resources signs option to JV agreement with Nuton Holdings
- Rio Tinto, China’s State Power Investment Corporation announces partnership