Fortescue invests on more green energy infrastructure in the Pilbara
Fortescue is furthering its green footprint in the Pilbara as its Board approves a US$680 million investment to develop new renewable energy infrastructure, including data centres, to enable the company to meet the growing demands for cleaner power from the industry.
The 200MW Pilbara Green Energy Project will be rapidly developed to deliver additional renewable energy generation, which is expected to surpass the target for Fortescue’s Real Zero by 2030 strategy.
This new investment builds on the company’s previously approved US$6.2 billion decarbonisation program.
With the recently approved investment, Fortescue will deliver a fully integrated, off-grid renewable energy system and large-scale battery storage and firming capability. This project is expected to be completed by 2028, with a pathway to multi-gigawatt expansion beyond 2030.
Fortescue’s previously announced Green Grid is the backbone of the company’s Real Zero Target by 2028. It is comprised of 1.2GW of solar, 600MW of wind, 4 to 5GW of battery storage, and 620 kilometres of transmission lines. This project is an independently operated, replicable system designed to deliver reliable, firmed power at scale.
Fortescue will apply the same capital discipline and project execution from its decarbonisation efforts to the new Pilbara Green Energy Project.
The company is also engaging with interested parties and will develop this project with key partners, including government and traditional custodians.
“Fortescue is already demonstrating in the Pilbara that heavy industry can operate on a fully integrated renewable grid – eliminating fossil fuels while improving cost, reliability and control.
“We are now extending this model to new customers, particularly data centres, helping meet one of the fastest growing sources of demand in the world.
“This is about replicating our Decarbinisation Green Grid, delivering new green electrons at a scale and speed to market not able to be replicated by fossil fuel.
“It enables a pathway for new industries to operate fossil fuel-free, cheaper and faster than traditional alternatives,” Fortescue Executive Chairman Dr Andrew Forrest AO said.
Source: Fortescue; Australian Mining
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