Torex Gold Signs Agreement to Build Solar Plant at Morelos Property
Scope 2 GHG Emissions Expected to be Reduced by 8.6%
(All amounts expressed in U.S. Dollars unless otherwise stated)
TORONTO, April 22, 2021 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) is pleased to announce that the Company has entered into a commercial lease agreement with Scatec, a leading, publicly traded (OSC:SCATC) global renewable energy producer (“Scatec”), using their innovative and flexible Release solution, to build a new 8.5 megawatt solar plant at its Morelos property, which includes the El Limon Guajes (“ELG”) mine and Media Luna project. The new plant is expected to reduce Scope 2 greenhouse gas (“GHG”) emissions by up to 8.6% using 2019 as the baseline year.
Jody Kuzenko, President & CEO of Torex, stated:
“We are very pleased to partner with Scatec on this new solar plant, our first major foray into renewable energy at our operations. The new facility will complement our existing power supply with a renewable energy source that demonstrates we are serious about reducing our carbon footprint, with a view toward carbon neutrality over time.
“As is often the case with innovative and sustainable solutions, in addition to the environmental benefits the solar plant will provide, there will also be economic upside and benefits to the local communities. Factoring in the installed cost of the plant together with the ongoing lease fee, we expect to save approximately $1 million per year in energy costs over a 20-year lease period, with full payback of the solar plant realized within approximately 7 years. We also anticipate that the solar plant will create new job opportunities for daily operation and maintenance within our host communities, and we see significant potential to increase the capacity of the solar plant in the future, including through battery storage, to further increase savings and reduce emissions.
“As the agreement with Scatec is now finalized, we have submitted the permitting application to the regulators to allow for construction of the new facility. We are ready to begin earthworks and installation of the equipment in the coming months as soon as we have the necessary approval in hand.
Lesen Sie auch
“As a Company that prides itself on limiting the environmental footprint of our operations and making a positive difference in society, we are committed to doing our part to combat climate change. As such, we are currently developing a climate change strategy with associated targets and metrics and look forward to disclosing a standalone Climate Report aligned with the recommendations of the Task Force on Climate-Related Financial Disclosures (“TCFD”) later this year.”