greenenergy
Advertisement
  • Home
  • Solar
  • Wind
  • Hydroelectricity
  • Ocean Energy
  • Biomass
  • Contact Us
No Result
View All Result
  • Home
  • Solar
  • Wind
  • Hydroelectricity
  • Ocean Energy
  • Biomass
  • Contact Us
No Result
View All Result
Green Energy News
No Result
View All Result
Home Wind

BP seeks to buy into 26-GW Asian Renewable Energy Hub

Green Energy News by Green Energy News
May 13, 2022
in Wind



https://cdn.aiidatapro.net/media/12/85/01/t780x490/128501975728c070c364ec24a51e2571.jpeg

May 13 (Renewables Now) – BP Plc (LON:BP) is planning to buy “a major stake” in the 26-GW Asian Renewable Energy Hub (AREH) project in Pilbara, Western Australia, The Australian reported earlier this week.

The UK oil and gas group has allegedly negotiated the deal with the project partners – green fuels company Intercontinental Energy, renewable energy projects developer CWP Global, wind turbine maker Vestas Wind Systems A/S (CPH:VWS) and Macquarie Group Ltd (ASX:MQG). People familiar with the matter have told the daily that BP has also agreed to become the project’s operator once the deal is finalised.

According to The Australian, BP is likely to buy a 30% interest in the project. The acquisition was expected to be announced at the World Hydrogen Summit held this week in Rotterdam.

The massive USD-36-billion (EUR 34.6bn) AREH envisages the installation of some 14 GW of electrolysers, powered by 16 GW of wind turbines and another 10 GW of solar photovoltaic (PV) capacity. Most of the electricity produced at the site will be used to power green hydrogen and ammonia production for export and domestic consumption.

The project’s website says that construction is planned to be launched in 2026, with first exports expected in 2027-2028.

(USD 1.0 = EUR 0.962)

Join Renewables Now’s free daily newsletter now!





Source link

Previous Post

Aqualung carbon capture initiative attracts Golar LNG, Global Ship Lease

Next Post

Bord Gais agrees power offtake from 40 MW of Amarenco solar projects

Related Posts

OX2 plans gigawatt-scale offshore wind off Finland

by Green Energy News
May 23, 2022
0

Nordic developer OX2 and Finnish investor Ålandsbanken Fondbolag are planning a second large offshore wind farm, taking their shared...

Faraday Future In Beverly Hills, Sysco Ordering 800 Electric Trucks — EV News Today

by Green Energy News
May 23, 2022
0

Beverly Hills gets a first, a Faraday Future Flagship Brand Experience Center. Sysco plans to purchase 800 battery electric...

Renewables Remain ‘Cheap’ Despite Supply Chain Chaos | OilPrice.com

by Green Energy News
May 22, 2022
0

With the energy transition in full swing, new energy research provider BloombergNEF estimates that the global transition will require...

Letter from the Wind Energy Technologies Office Acting Director, Jim Ahlgrimm

by Green Energy News
May 22, 2022
0

https://www.energy.gov/sites/default/files/styles/photo_gallery_509_x_678_/public/2022-05/65341.Slocum.jpg?itok=7vJx4T7P Farewells In early March, Dr. Bob Marlay announced his retirement as WETO Director, capping off a 53-year career...

Next Post
Bord Gais agrees power offtake from 40 MW of Amarenco solar projects

Bord Gais agrees power offtake from 40 MW of Amarenco solar projects

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent News

Solar

Floating Solar Energy Market 2022 Future Trend, Growth rate, Opportunity, Industry

New York, United States : The industrial professionals and experts at DECISIVE MARKETS INSIGHTS have produced its Floating Solar Energy...

by Green Energy News
May 23, 2022
Hydroelectricity

128 hydroelectric projects in Kerala in limbo for decades

Express News Service KOCHI: At a time when the state government is set to hike the power tariff by 15-70 paise...

by Green Energy News
May 23, 2022
Ocean Energy

Hope Sheds Light helps people find recovery, build a future in Ocean and Monmouth County

We all have a role to play in curbing the ongoing drug epidemic wreaking havoc in our community across Ocean...

by Green Energy News
May 23, 2022
Biomass

£300K BEIS grant win for waste-to-hydrogen fuel pioneers

A gasification pioneer aims to seal the UK’s low-carbon future after winning a government grant worth nearly £300,000 to develop...

by Green Energy News
May 23, 2022

© 2022 Green Energy News Hubb All rights reserved.
Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy

Navigate Site

  • Home
  • Solar
  • Wind
  • Hydroelectricity
  • Ocean Energy
  • Biomass
  • Contact Us

Newsletter Sign Up.

No Result
View All Result
  • Home
  • Solar
  • Wind
  • Hydroelectricity
  • Ocean Energy
  • Biomass
  • Contact Us

© 2021 greenenergynewshubb.com