Hon Alannah MacTiernan MLC

Hon Alannah MacTiernan MLC

Minister for Regional Development; Agriculture and Food; Hydrogen Industry

    World-leading Pilbara renewable hydrogen project attracts major international investment

    15/06/2022 7:05 AM
     
    • BP to become majority shareholder and operator of the Asian Renewable Energy Hub
    • Project expected to generate up to 26 gigawatts of combined wind and solar capacity and create significant new manufacturing opportunities for WA 

    The McGowan Government welcomes the announcement that BP will take a 40.5 per cent equity stake in the Asian Renewable Energy Hub (AREH) north-east of Port Hedland.

     

    This is another major step forward for the globally significant project with BP to become the majority shareholder and operator of one of the largest renewable energy projects in the world.

     

    The McGowan Government granted the project Lead Agency Status in 2018 and an exclusive license to collect resource data, and has been working closely with Intercontinental Energy and BP to get the project to this stage.

     

    AREH is expected to generate up to 26 gigawatts of combined wind and solar capacity and produce 1.6 million tonnes of green hydrogen or 9 million tonnes of green ammonia each year. The project will play a key role in Western Australia's energy transition.

     

    The provision of low-cost green energy to Pilbara communities and industry would create thousands of jobs and catalyse significant new manufacturing and mineral processing opportunities for WA.

     

    AREH will also contribute to the clean energy aspirations of our neighbours and key trading partners and contribute towards energy security in the Asian region.

     

    Cheap, clean energy can also support new and expanded industries, downstream mineral processing, and large scale production of green hydrogen and ammonia products for domestic and export markets.

     

    Comments attributed to Hydrogen Industry Minister Alannah MacTiernan:

     

    "BP's commitment to the Asian Renewable Energy Hub is a significant vote of confidence for the next stage of development of the WA renewable hydrogen industry.

     

    "The project will transform the Pilbara, create thousands of jobs and be a major contributor to global efforts to decarbonise the economy, and provide the low-cost energy to underpin downstream processing of our mineral wealth.

     

    "A project of this scale will require new supply chain facilities for the manufacture and assembly of equipment for wind, solar and hydrogen generation, which will create new, local, high-value jobs.

     

    "Today's announcement reinforces Western Australia's credentials as a world-class investment destination for green energy generation, including the production of exportable commodities, like green hydrogen and ammonia and green steel."

     

    Minister's office - 6552 6200