Ernst and Young’s Global Cleantech Center reports that renewable energy will play significant role in the mining sector particularly to provide cost-competitive and reliable energy in remote locations in emerging market where there s no reliable power source.<\/p>\r\n\r\n\r\n\r\n
EY forecasts that by 2022, renewable energy investment in the mining industry could reach $1.3bln in the Asia Pacific region. <\/strong><\/p>\r\n\r\n\r\n\r\n The mining sector is expanding into new and often remote locations as a response to increasing demand from growing emerging markets. This often means having to deal with unreliable power supply from the grid and uncertain power prices. In most instances, grid-connected electricity needs to be supplemented with on-site generation, typically large-scale diesel generation, resulting in a dependency on diesel fuel. The more remote the mine, the more likely off-grid power solutions are required.<\/p>\r\n\r\n\r\n\r\n Reliable access to cost-efficient energy sources is a strategic imperative for mining companies. It is essential to their bottom lines and increasingly, their licenses to operate. <\/strong><\/p>\r\n\r\n\r\n\r\n In response, the international mining sector is deploying innovative energy-saving strategies and making substantial industry-wide direct investments into renewable energy infrastructure. At the heart of recent innovations in corporate mining energy strategies lie the construction and acquisition of renewable energy-generating assets, on- and off-site, and the direct contracting for renewable energy through power purchase agreements.<\/p>\r\n\r\n\r\n\r\n Source: https:\/\/www.ey.com\/Publication\/vwLUAssets\/EY_-_Mining:_the_growing_role_of_renewable_energy\/$FILE\/EY-mining-the-growing-role-of-renewable-energy.pdf<\/em><\/p>\r\n","protected":false},"excerpt":{"rendered":" Ernst and Young’s Global Cleantech Center reports that renewable energy will play significant role in the mining sector particularly to provide cost-competitive and reliable energy in remote locations in emerging market where there s no reliable power source. EY forecasts that by 2022, renewable energy…<\/p>\n","protected":false},"author":1,"featured_media":15743,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[68,67],"tags":[],"class_list":["post-5","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-highlight-news","category-news"],"jetpack_featured_media_url":"https:\/\/newcom.mn\/wp-content\/uploads\/2013\/10\/1111-e1714702938538.jpg","_links":{"self":[{"href":"https:\/\/newcom.mn\/?lang=mn%2Findex.php&rest_route=\/wp\/v2\/posts\/5","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newcom.mn\/?lang=mn%2Findex.php&rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newcom.mn\/?lang=mn%2Findex.php&rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newcom.mn\/?lang=mn%2Findex.php&rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newcom.mn\/?lang=mn%2Findex.php&rest_route=%2Fwp%2Fv2%2Fcomments&post=5"}],"version-history":[{"count":3,"href":"https:\/\/newcom.mn\/?lang=mn%2Findex.php&rest_route=\/wp\/v2\/posts\/5\/revisions"}],"predecessor-version":[{"id":16343,"href":"https:\/\/newcom.mn\/?lang=mn%2Findex.php&rest_route=\/wp\/v2\/posts\/5\/revisions\/16343"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newcom.mn\/?lang=mn%2Findex.php&rest_route=\/wp\/v2\/media\/15743"}],"wp:attachment":[{"href":"https:\/\/newcom.mn\/?lang=mn%2Findex.php&rest_route=%2Fwp%2Fv2%2Fmedia&parent=5"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newcom.mn\/?lang=mn%2Findex.php&rest_route=%2Fwp%2Fv2%2Fcategories&post=5"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newcom.mn\/?lang=mn%2Findex.php&rest_route=%2Fwp%2Fv2%2Ftags&post=5"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}