Bellevue Gold and Zenith Energy Partner to establish innovative hybrid power station for Bellevue Gold Project
Tier 1 Independent Power Producer (IPP) Zenith Energy is proud to announce the signing of a power purchase agreement (PPA) with Bellevue Gold Limited (ASX: BGL). This agreement marks a significant milestone in the development of the Bellevue Gold Project in Western Australia, bringing the project one step closer to its first gold production in the December quarter.
Under the terms of the agreement, Zenith Energy will finance, build, own, operate, and maintain a cutting-edge 88MW hybrid power station at the Bellevue Gold Project for an initial term of 15 years. This off-grid facility will utilise a combination of wind and solar generation, thermal generation, and battery storage to meet up to 80% of the project’s power needs with renewable energy. Furthermore, the hybrid power solution will allow the project to operate on 100% renewable energy and seamlessly switch to an ‘engine-off’ mode during periods of high renewable energy generation.
Hamish Moffat, managing director, and CEO of Zenith Energy said, “the signing of the PPA with Bellevue Gold marks a partnership that will continue industry leading decarbonisation, while also further developing the recently announced Tjiwarl Katu Power JV between Zenith Energy and Tjiwarl Contracting Services the wholly owned entity of Tjiwarl Aboriginal Corporation – the traditional owners and native title holders of the land on which Bellevue Gold is located.”
Mr Moffat said, “Zenith Energy will apply its expertise in hybrid renewable power stations and ESG action to facilitate Bellevue’s achievement of their sustainability objectives.”
Darren Stralow, Managing Director, and Chief Executive Officer of Bellevue, expressed his enthusiasm for this partnership, stating, “This power purchase agreement is another key milestone on the path to the start of gold production later this year. The high utilization of renewable energy in the power station and the flexibility to time milling activities with renewable energy availability is central to our aspirational goal to be Australia’s first carbon-neutral gold producer.”
About Zenith Energy:
Zenith Energy is one of Australia’s leading independent power producers (IPP’s), specialising in tailored off grid hybrid power generation solutions. With a portfolio spanning throughout Western Australia, and the Northern Territory, Zenith has contracted capacity of more than 500MW of power generation, providing, sustainable, cost-effective, and reliable power solutions. Zenith Energy integrates innovative technology with a complete range of renewable energy, battery energy storage and low-emission thermal technologies, offering power solutions, with no boundaries.
Zenith Energy’s mission is to enable the resource sector and regional communities to achieve Net Zero. It has committed to a target of net zero by 2035 for its scope 1, 2 and 3 emissions. While this is an ambitious target, it is realistic and achievable with innovative commercial and technical solutions and when working with likeminded clients.
Pacific Equity Partners, OPTrust and the Foresight Group are the majority shareholders of Zenith Energy and in aggregate have over A$55 billion of funds under management.
For further information please visit zenithenergy.com.au
About Bellevue Gold Limited:
Bellevue Gold Limited (ASX: BGL) is an Australian gold exploration and development company focused on advancing the Bellevue Gold Project in Western Australia. With a high-grade resource base and a commitment to sustainable mining practices, Bellevue aims to become Australia’s leading carbon-neutral gold producer.
For more information about Bellevue Gold Limited, please visit the ASX platform (ASX:BGL) or the company’s website at www.bellevuegold.com.au.
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