Gold Fields' Green Energy Boost: 77-MW Aussie Power Complex

• Gold Fields Limited takes a green leap with a $296 million investment in a wind and solar power complex at its St Ives mine, boosting renewables share and cutting carbon emissions.

Gold Fields Limited, a Johannesburg-based gold miner, is investing AUD 296 million to build a 77-MW wind and solar power complex at its St Ives mine in Western Australia. The complex will include a 42-MW wind farm, a 35-MW solar plant, a hub substation, and a transmission line. Unlike previous projects, Gold Fields will manage the St Ives complex itself.

The renewable energy project is expected to increase Gold Fields' renewables share to 24% and help reduce carbon emissions by 30%. Construction is set to begin in May 2024, with the complex operational by the end of 2025, meeting 73% of the mine's electricity needs. Other renewable energy projects in Gold Fields' portfolio include expansions at mines in Australia, Chile, and South Africa.

What is Gold Fields Limited's plan for their new wind and solar power complex?

• Gold Fields Limited's plan for their new wind and solar power complex at the St Ives mine in Western Australia includes investing AUD 296 million.
• The complex will consist of a 42-MW wind farm, a 35-MW solar plant, a hub substation, and a transmission line.
• Gold Fields will manage the St Ives complex itself, unlike previous projects where they may have used external partners.
• The renewable energy project is expected to increase Gold Fields' renewables share to 24% and reduce carbon emissions by 30%.
• Construction is scheduled to begin in May 2024, with the complex expected to be operational by the end of 2025.
• The wind and solar power complex will meet 73% of the St Ives mine's electricity needs.
• Gold Fields also has other renewable energy projects in their portfolio, including expansions at mines in Australia, Chile, and South Africa.