An international consortium comprised of InterContinental Energy, CWP Global and Mirning Green Energy Limited, has announced an integrated green fuels mega project in the South-East of Western Australia.
When fully operational, the Western Green Energy Hub (WGEH) could produce up to 50 gigawatts of hybrid wind and solar power over 15,000-square-kilometres in South-East Western Australia, across the Shires of Dundas and the City of Kalgoorlie-Boulder. The region provides an optimal diurnal profile for renewable energy, with consistently high levels of wind and solar energy over a 24-hour period. WGEH will be built in phases to produce up to 3.5 million tons of zero-carbon green hydrogen or 20 million tons of green ammonia each year.
The project will deliver significant socio-economic benefits to the local community, as well as provide a huge boost to the Western Australia State Government’s Renewable Hydrogen Strategy and the Commonwealth Government of Australia’s National Hydrogen Strategy Green fuels produced at the site will meet massive future demand from multiple sectors, including in cofiring in power generation, the shipping sector, heavy industry such as steel, chemicals and mining, as well as the aviation sector. The green hydrogen sector is predicted to become a US$2.5 trillion market by 2050.
Vortex Energy, a global renewable energy platform managed by the private equity arm of EFG Hermes, has reached a first close of US$200 million (including a US$25 million conditional commitment) for its Vortex Energy IV fund.
Read moreCopenhagen Infrastructure Partners (CIP) has reached the first close of EUR800 million (USD950.2 million) on its new fund, CI Energy Transition Fund I (CI ETF I) in Denmark.
Read moreSolar Choice has reached completion on the purchase of an additional 75% stake from SunEdison in the multi-staged 2,000 MW Bulli Creek Solar Farm & Energy Storage project west of Toowoomba in southern Queensland.
Read moreElecnor has signed a turnkey contract (EPC) with the Australian group Clough to build the EnergyConnect project in Australia.
Read moreElectraNet has confirmed Project EnergyConnect, the high-voltage electricity transmission interconnector between South Australia and New South Wales, will be built.
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