Rio Tinto secures $2.5B package to underpin 10-year power contract for Tomago Aluminium smelter
Type: Ppa · Technology: Solar, Onshore Wind, Storage, Other · Country: Australia · Value: $2.5B · Announced: 2026-08-13
Rio Tinto and its Tomago Aluminium partners secured a $2.5 billion joint federal and New South Wales government funding package to enable the smelter to sign a new 10-year power purchasing arrangement and underpin nearly 3 GW of new renewable generation and firming capacity, avoiding closure beyond 2028.
Counterparties
- Tomago Aluminium (jointly owned by Rio Tinto, Gove Aluminium Finance and Norsk Hydro) (Offtaker)
- Government of Australia (federal) (Investor)
- Rio Tinto Group (Owner)
- Government of New South Wales (Investor)
📈 The Sherpa Signal — one notable infrastructure deal a day.