BP to develop AREH in two phases
Initial phase will target domestic supply, before project looks to export internationally from the end of the decade
BP’s Asian Renewable Energy Hub (AREH) in Western Australia (WA) will initially produce green hydrogen for domestic consumption before targeting exports in a second phase. The oil major completed its acquisition of a 40.5pc share in the project, which has planning consent for 15GW of wind and solar capacity during, the most recent quarter. BP hopes to take FID in 2025, from which date the project will initially operate as a domestic provider of renewable energy and green hydrogen to the local mining industry. From the end of the decade, BP—which is also operator of AREH—will look to target export markets to international customers from the deepwater ports of Dampier and Port Hedland. “The do
Also in this section
3 May 2024
Australia’s Fortescue and France’s EDF Renewables among the successful bidders as second-round auction draws green hydrogen projects worth about $11b
1 May 2024
High costs and uncertainty over offtake agreements are delaying project investment decisions, according to Aurora Energy Research
1 May 2024
Low clearing prices in first European Hydrogen Bank auction reflect fierce competition for green hydrogen subsidies and buyers’ willingness to pay premium
1 May 2024
Japanese company launches test module at Takasago Hydrogen Park with aim to deploy megawatt-scale demonstration project of electrolyser technology