Under the memorandum of understanding (MoU), the parties will explore wind, solar and battery storage opportunities, with an initial focus on fast-tracking the possibility of a solar plant to provide power to Rio Tinto.
Rio Tinto Ltd. has four power plants in the Pilbara. With this partnership, Rio Tinto Iron Ore will complement and contribute to renewable energy developments in the power grid, the company said.
The rail network connecting Rio Tinto's Pilbara mines to ports in Western Australia runs through Yinjibarndi Country. This is something the two companies have in common.
Mining giant Rio Tinto's goal is to invest AUD 7.5 billion (USD 4.7 billion/EUR 4.5 billion) in decarbonization projects, particularly in the second half of the current decade, to meet its emission reduction targets by 2030.