BHP Mitsubishi Alliance (BMA) has inked a renewable power purchase agreement (PPA) with Queensland’s publicly-owned energy generator and retailer, CleanCo. The agreement is set to cover half of BMA’s anticipated electricity demand for its Central Queensland operations from January 2026 for five years. Extending until 2030, this new PPA builds upon an existing low carbon emission power agreement between BMA and CleanCo, which was initially slated to conclude by the end of 2025. With this renewed partnership, BMA will sustain its commitment to sourcing 50% of its electricity requirements from environmentally friendly sources like solar, wind, and pumped hydro.
BHP President Australia, Geraldine Slattery, said: “We are increasing renewable electricity at BMA in line with our decarbonisation commitments to 2030 and beyond, improving the long-term sustainability of our business while at the same time supporting Queensland’s renewable electricity infrastructure build, regional communities and local jobs.”
“We expect demand for Queensland’s higher-quality metallurgical coal to remain strong for many years to come, as major steelmakers look to reduce their emissions intensity while delivering the steel needed to support global population growth and decarbonisation infrastructure.”
BHP Chief Commercial Officer, Vandita Pant, said: “Using more renewable electricity at our operated assets across the globe is key to our operational decarbonisation strategy. We are pleased to continue our strong relationship with CleanCo.”
“Through a growing number of agreements to supply our mines in Chile, Queensland, Western Australia and South Australia with renewable electricity, we are making good progress on decarbonisation while supporting the development of renewable infrastructure and stimulating regional economies.”
The PPA is also linked to CleanCo’s new renewable energy storage initiative, which directs excess renewables to the Wivenhoe Pumped Storage Hydroelectric Power Station to support an increase in around-the-clock renewable supply and cost management.
CleanCo CEO, Tom Metcalfe, said: “At CleanCo we are committed to providing tailored, clean energy solutions to help our customers decarbonise.”
“It is our role to develop solutions that meet the unique energy needs of these companies so that they can thrive in a net zero future and I am thrilled BMA has entrusted CleanCo to continue to supply reliable, renewable energy for its operations.”