BP Backs Out of 26 GW Green Hydrogen Plan in Australia

BP backs out of 26 GW green hydrogen plan in Australia

Global oil giant BP has quit the proposed Australian Renewable Energy Hub that would include the installation of up to 26 GW of solar and wind generation, much of which would have been used to produce green hydrogen and ammonia.From pv magazine Australia British energy major BP has informed its partners in the Australian Renewable Energy Hub (AREH) that it intends to exit the $55 billion (USD 36.14 billion) green energy hub planned for Western A…

BP backs out of 26 GW green hydrogen plan in WA’s Pilbara

Global oil giant BP has quit the proposed Australian Renewable Energy Hub that would include the installation of up to 26 GW of solar and wind generation, much of which would have been used to produce green hydrogen and ammonia.British energy major BP has informed its partners in the Australian Renewable Energy Hub (AREH) that it intends to exit the $55 billion (USD 36.14 billion) green energy hub planned for Western Australia’s Pilbara region. …

BP pulls majority stake in Australian Renewable Energy Hub

Oil major BP has announced it will pull its majority stake in the proposed Australian Renewable Energy Hub (AREH) in Western Australia, being developed with joint venture partners InterContinental Energy and CWP Global. Related article: What’s happened to Australia’s green hydrogen dream? “This decision reflects BP’s recent strategy reset, which will see BP grow its upstream oil and gas business, focus its downstream business, and invest with in…