Solar PV, Wind Power, Geothermal, Fuel Cells, and Solar Thermal in the Global Mining Industry
The mining industry is under continued pressure from shareholders and external stakeholders to reduce dependence on traditional energy resources. In countries where mining represents a significant percentage of gross domestic product (GDP), it can also be a significant draw on the country’s electricity grid infrastructure. Even through the global economic downturn, interest in the deployment of renewables remained.
Now the industry has reached a tipping point and is transitioning from using solar, wind, and other renewable energy technologies in demonstration projects to an increased focus on larger scale deployments. When combined with the increased use of innovative finance mechanisms, such as Power Purchase Agreements, the use of renewable energy in the mining industry will pick up significantly in the medium term.
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