Oz Minerals eyes solar to cut power costs - storage battery

Oz Minerals is considering options for renewable energy for its current and future assets to cope with the pressure from soaring electricity prices.
The copper miner said on Friday that they also plan to get affordable electricity. And add measures to prevent the current power outage of South Australian assets by building a new high-voltage transmission line to ensure that its assets remain connected to the power grid.
Oz Minerals said an agreement is currently being reached with industry participants and the state government to achieve the development and operation of this line.
The company's chief executive, Andrew Cole, said the new transmission line, which will be completed in 2020, will allow other users to access power or input power generation. This will increase the economic benefits of other developments in the region and reduce the operating costs of Oz miner.
In Hill and Carrapateena operations in South Australia, the cost savings plan is already in progress and the company is also considering options for renewable energy, including a solar plant with battery storage
Oz Minerals said it has received conditional approval from the South Australian government to agree to install solar plants and storage capacity in Prominent Hill, which is expected to reduce energy demand for the grid.
"The value of this grant is as high as $2.
"At 5 million, Oz Minerals is currently considering optimizing the project plan," Oz Minerals said in a statement on Friday . ".
"Oz Minerals also works with a number of potential energy developers to explore and innovate additional renewable options in Oz miner's assets. "