Rio Tinto has expanded its clean-energy strategy with a new 15-year virtual power purchase agreement (VPPA) that will supply renewable electricity to its Kennecott copper operations in Utah. The agreement, signed with TerraGen, secures 78.5 megawatts (MW) of power from the newly operational 238.5 MW Monte Cristo I Windpower project in Texas. This move strengthens Rio Tinto’s long-term decarbonization plans and supports growing U.S. demand for domestically sourced critical minerals.
The deal comes shortly after the U.S. government added copper to its list of critical minerals—an important step given copper’s essential role in electric vehicles, renewable energy infrastructure, and modern power grids. With Washington and Canberra working to stabilize and strengthen cooperation on clean energy supply chains, Rio Tinto’s investment reinforces its position in supporting domestic copper production. Kennecott remains one of only two operating copper smelters in the United States, making it a key strategic asset for the nation’s energy transition.
Rio Tinto has committed to reducing its Scope 1 and 2 emissions by 2030 and achieving net-zero emissions by 2050. The company already sources about 78% of its global electricity from renewable energy and plans to increase that figure to around 90% by the end of the decade. The new VPPA builds on recent clean-energy upgrades at Kennecott, including the completion of a 5 MW solar plant in 2023 and the near-finished 25 MW solar facility set to further increase the site’s renewable capacity.
By expanding its renewable footprint, Rio Tinto is positioning itself at the forefront of sustainable mining while meeting rising consumer and governmental expectations for greener supply chains. The Monte Cristo wind partnership marks another significant step toward strengthening both the company’s environmental performance and the resilience of U.S. critical mineral supply.


Nvidia Seen Beating Q2 Targets as Vera Rubin Cycle Begins
Deutsche Bank Upgrades Persimmon to Buy After Strong First-Half Results
Berkshire Hathaway Cash Falls as Abel Boosts Stock Buybacks
Mercedes-Benz Stock Offers Deep-Value Potential as Citi Sees Recovery Catalysts
Goldman Sachs Sees US Stock Buybacks Outpacing Equity Issuance as AI Funding Rises
Nintendo Shares Jump as Switch 2 Sales Boost Earnings
Natura Q2 Profit Plunges 92% as Financial Expenses Weigh on Earnings
JPMorgan Plans More Asia-Pacific Hiring in 2027 as Corporate Banking Revenue Surges
Meta Ordered to Pay $567M Over Child Safety Violations in New Mexico
Cloudflare Stock Jumps 15% as Earnings Beat Estimates, 2026 Outlook Raised
AMP Shares Surge 13% After Strong Profit and A$150 Million Buyback
Austal Shares Surge 16% as Hanwha Offers Up to $1.2 Billion for U.S. Shipbuilding Business
Apple Tests China’s CXMT Memory Chips for iPhones and MacBooks Amid AI Supply Crunch
Airbus Joins Air India A320 Altitude Drop Probe
ADNOC Gas Targets Up to $4B Profit in 2026
Daimler Truck Q2 Profit Falls 18%, 2026 Outlook Raised
Nvidia Secures $500 Billion AI Infrastructure Push With Wall Street Giants 



