Russian miner Polyus says its power consumption is fully covered by renewables

Author: grendelkhan. License: Creative Commons, Attribution-ShareAlike 2.0 Generic.

April 30 (Renewables Now) - Russian gold mining company Polyus PJSC (LON:PLZL) said Thursday that it has bought I-REC green certificates to offset emissions from the remaining share of energy consumption that it did not cover under direct procurement of renewables.

Renewables now represent 100% of Polyus group energy consumption, the miner said.

The green certificates were issued by Russian power company TGC-1 (MCX:TGKA) for two hydro units as generating facilities, and regional supplier Vitimenergosbyt for one hydropower plant. The transactions amount to a total of 303.5 GWh.

Earlier this year, Polyus signed an agreement with hydropower major RusHydro PJSC to procure around 1 TWh by the end of 2021. The agreement was to help the miner cover up to 90% of its total electricity demand with clean power.

Polyus said that it will continue to purchase I-REC certificates to fully offset the energy consumed from non-renewable sources and secure the green power supply directly.

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Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

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