ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

BP buys into Australian wind, solar, hydrogen megaproject

Development could become one of the world's biggest producers of green hydrogen

Global oil giant BP is increasingly shifting from fossil fuels to cleaner energy.   © Reuters

MELBOURNE (Reuters) -- BP has agreed to buy a 40.5% stake and become the operator of an Australian renewable energy project that could become one of the world's biggest producers of green hydrogen, the global oil major said, without disclosing how much it paid.

The Asian Renewable Energy Hub (AREH) in outback Western Australia would develop up to 26 gigawatts of wind and solar power capacity which could be used to produce 1.6 million tons of green hydrogen -- hydrogen produced from renewable energy -- or 9 million tons a year of ammonia.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more