Hudbay signs ENGIE power deal in Peru

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Constancia copper operation in Peru

Toronto-based Hudbay Minerals says a 10-year power purchase deal for renewable energy supply from 2026 can help it cut greenhouse gas emissions by 50% at its flagship Peru copper operation, Constancia, in 2030.

A contract with ENGIE Energia Peru, part of the France-based ENGIE group, will see Hudbay tap the supplier’s circa-2500-megawatt network in Peru, said to include thermal, hydro, solar and wind energy from eight plants in the country.

“The signing of this 10-year power purchase agreement marks a major milestone for achieving Hudbay’s greenhouse gas reduction goals,” said Hudbay CEO Peter Kukielski.

“We are proud of this achievement as it places Hudbay firmly in reach of achieving a 50% emissions reduction by 2030 and on track for net zero by 2050.

“Hudbay’s low carbon footprint production will continue to produce the metals needed for the global transition to a low-carbon future.”

The miner said its ENGIE contract would work on a consumption basis, ensuring the company’s costs were variable based on actual usage, with no minimum spend or penalty for usage below the contracted rate.

 

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