Steel giant Bluescope turns to solar with major deal.

Australian steel giant BlueScope is turning to solar to help power its Port Kembla Steelworks, signing a 7-year power purchase agreement to take the bulk of the output from the 133MW (AC) Finley Solar Farm to be located 100km west of Albury.

Australian steel giant BlueScope is turning to
solar to help power its Port Kembla Steelworks.

The landmark deal with ESCO Pacific and Schneider Electric continues the rush of major corporate buyers towards solar technologies, with Finley expected to supply the equivalent of 20 per cent of BlueScope’s Australian electricity purchases, “significantly” reducing costs and providing price certainty.

It also follows a commitment by UK billionaire Sanjeev Gupta to power his steelworks in Whyalla with solar and storage, a commitment that will result in more than 1GW of large-scale solar and storage.

Read the story from RenewEconomy by Giles Parkinson - “Steel giant Bluescope turns to solar with major deal.”