April 13, 2022
First Solar solar PV modules are going to power 17 % of the annual energy wants of Nevada Gold Mines (NGM), the only largest gold‐producing complicated on the planet. NGM is a three way partnership between Barrick Gold Corporation and Newmont Corporation that’s operated by Barrick.
NGM, which produces roughly 3.5 million ounces of gold a yr, is investing in constructing a solar power plant as a part of a broader effort to decarbonize its operations and reduce its environmental footprint. As a part of the deal, which was booked previous to the discharge of First Solar’s This fall and Full Year 2021 earnings in February, 260 megawatts (MW)DC of solar modules manufactured by First Solar in Ohio will likely be deployed to power the brand new 200 MWAC facility within the second quarter of 2023.
Barrick has dedicated to a 30 % greenhouse fuel discount by 2030, with the objective of internet‐zero operations by 2050. NGM will help Barrick’s targets and has set an intermediate objective of lowering its greenhouse fuel emissions by 20 % by 2025, in comparison with its 2018 baseline. This is predicted to be achieved by the solar power plant and conversion of NGM’s coal fired power plant to cleaner burning pure fuel.
“When we selected our solar module technology partner, we did so with very careful consideration. We made the choice to contract with a supplier who shares our values, including a commitment to fair labor practices and investment in American manufacturing and American jobs. By partnering with First Solar we also found an innovator that can deliver high performance solar panels with the lowest carbon footprint and the best environmental profile available today,” mentioned Greg Walker, NGM government managing director.
First Solar’s skinny movie PV modules are designed and developed at its analysis and improvement (R&D) facilities in California and Ohio. First Solar additionally operates a complicated recycling program that recovers greater than 90 % of CadTel to be used in new modules.
“NGM is part of a growing wave of customers that are unwilling to compromise on quality or their principles, and choose to partner with First Solar,” says Georges Antoun, chief business officer, First Solar. “They partnered with us because we can deliver a high performance module that comes without the social, environmental, and political risks that are, unfortunately, associated with too many solar manufacturers today.”
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Tags: business and industrial
