AGL and Alcoa have struck a nine-year deal to provide power to an energy-intensive aluminium plant in Portland.
The deal will provide 50 per cent of the smelter’s power needs until 2035.Aluminium giant Alcoa has struck a nine-year deal to secure 50 per cent of the electricity required for its smelter in far south-west Victoria, which locks in 760 jobs in the region.
Alcoa reported that 40 per cent of the smelter’s electricity consumption currently comes from renewable sources, and the company is working towards a goal of net-zero carbon emissions by 2050. However, it is unclear how much power will come from renewables under the nine-year deal that expires in 2035.
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