A power offtake deal signed by iron ore miner Rio Tinto will underpin construction of Australia's first Indigenous-backed large renewable energy project in the Pilbara.
Yindjibarndi Energy Corporation has launched an expression of interest process for customers wanting to buy renewable energy or access its planned transmission network in the Pilbara.
Rio Tinto has warned it may not be able to meet its 2030 emissions reduction target unless third parties get a wriggle-on with their renewable energy projects.
Fortescue founder Andrew Forrest wants to see his company's proposed renewable energy assets in the Pilbara connected to a common user grid to provide power for the region.
Yindjibarndi Energy Corporation has submitted environmental approval plans for a giant wind farm and solar farm just south of Karratha - its second such project in the Pilbara.
Fast-growing indigenous business Yurra, which boasts annual revenue of about $150 million, has commenced a process to identify a strategic equity partner to join the founding shareholders.
