Calidus Resources Commits to Renewable Micro Grid

THE BOURSE WHISPERER: Calidus Resources (ASX: CAI) announced the execution of an agreement with Zenith Pacific for the construction of a 4MW solar farm with 3.5MW battery energy storage system at the company’s Warrawoona gold project in the Pilbara region of Western Australia.

Calidus Resources reported Zenith is currently constructing an 11MW gas fired power station at Warrawoona under a Power Purchase Agreement (PPA).

It went on to explain the construction of the solar farm is part of the PPA whereby Calidus purchases power from Zenith.

The solar farm will be constructed in H2 of CY2022 and will feed into the distribution line between the power station and the project accommodation village.

The decision to proceed with the solar farm and battery storage is in line with the company’s Environmental, Social and Governance (ESG) initiatives.

“Calidus is committed to carbon reduction as part of its ESG policy,” Calidus Resources managing director Dave Reeves said in the company’s ASX announcement.

“This renewable micro grid is a cornerstone to our carbon reduction plan which includes the use of LNG not diesel and the ability of the LNG gensets to use up to 25 per cent hydrogen.

“We are pleased to extend the relationship with Zenith to incorporate this renewables project, and look forward to its construction in the second half of this year.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@calidus.com.au

Web: www.calidus.com.au