Hudbay Minerals has announced the signing of a new ten year power purchase agreement with ENGIE Energia Peru for access to a one hundred percent renewable energy supply to their Constancia operations in Peru.

The contract comes into effect in January 2026 with a ten year term. 

Hudbay President Peter Kukielski notes last December Hudbay committed to reducing its 2030 greenhouse gas emissions by 50 percent and achieving net zero by 2050.  He adds the signing of this ten year power purchase agreement marks a milestone for achieving Hudbay’s greenhouse gas reduction goals.

The new agreement ensures a consistent and guaranteed supply of renewable energy sufficient for Hudbay’s Constancia operation.  The contract functions on a consumption bases ensuring the company’s costs are variable based on actual usage with no minimum spend or penalty for usage below the contracted rate.