Brief: Fortescue Announces Renewable Power Purchase Agreement

Genex Power

08/10/2023 22:40

Oct 9 (Reuters) - Fortescue Metals Group Ltd  FMG.AX :
    * RENEWABLE POWER PURCHASE AGREEMENT
    * PPA WILL SECURE 337.5 MW OF ENERGY GENERATED FROM FIRST
STAGE
(PROPOSED AT 450MW) OF GENEX'S BULLI CREEK SOLAR PROJECT
    * UNIT ENTERED INTO A POWER PURCHASE AGREEMENT WITH A WHOLLY
OWNED
SUBSIDIARY OF GENEX POWER LIMITED
    * UNDER PPA, FORTESCUE WILL SECURE SOLAR ENERGY AND
RENEWABLE
GENERATION CERTIFICATES AT AN AGREED NOMINAL FIXED PRICE OVER A
25 YEAR TERM

Source text for Eikon:  ID:nASXm69jQ 
Further company coverage:  FMG.AX 

 ((Reuters.Briefs@thomsonreuters.com;))