BlueScope Pens 7-Year Deal for Solar Energy Power
July 19 2018 - 7:01PM
Dow Jones News
By Rhiannon Hoyle
SYDNEY--BlueScope Steel Ltd. (BSL.AU) said it has signed a
seven-year deal with Esco Pacific and Schneider Electric SE (SU.FR)
to source power from a new solar farm in New South Wales state,
equivalent to roughly 20% of the steelmaker's Australian
electricity needs.
BlueScope said it has agreed to take 66% of the 133 megawatts of
energy generated from Esco Pacific's 500,000-panel Finley Solar
Farm, which is expected to be operational around the middle of next
year.
BlueScope said the deal would "help keep downward pressure on
our energy costs, and will support the gradual transition to
renewable energy" for its power-hungry steel-making operations.
Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com
(END) Dow Jones Newswires
July 19, 2018 18:46 ET (22:46 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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