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Renewable Energy Use Growing among Mining Companies

Mining companies, already squeezed by high fossil fuel costs that are likely to rise further, are turning to renewable energy systems for power.

RWE Innogy commissioned its 20.5-MW wind farm at Titz in Germany's Rhenish mining area this week, just one of a string of renewable energy project announcements made by mining and renewable energy companies in recent months.

Relying on solar, wind, and other renewable energy sources stands to serve mining companies in good stead, both over the short and long haul. Advantages and benefits come in the form of more reliable, competitively priced energy supplies; the possibility of owning and earning positive investment returns by developing their own renewable energy systems; reducing carbon and greenhouse gas emissions and the negative environmental impacts of their operations; fostering more sustainable local economic development; and improving relationships with local communities and governments in countries in which they operate.

Moreover, mining companies making use of renewable energy has a nice synergy and symbiosis to it. Renewable energy technologies depend critically on the metals and minerals miners extract, while mining companies should always be looking for ways to reduce the environmental impacts of their operations and improve their relationships with local communities and governments, as well as their public image.

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