Australia Set to Fund Second Clean-Energy Project at Remote Mine
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An Australian government agency expects to announce a second agreement within three months to fund a renewable energy project at a remote mining operation before the government moves to wind it up.
The Australian Renewable Energy Agency, which this week provided money to a Rio Tinto Group plant, had planned to allocate as much as A$300 million ($277 million) to projects that provide solar and wind power to mines and surrounding communities, Chief Executive Officer Ivor Frischknecht said today by phone. It’s unclear how much of that money will be awarded after the government earlier this month said it plans to scrap the agency to save A$1.3 billion.