The Australian state of Queensland’s aim to become a leading producer and exporter of green hydrogen has received a boost, as state-owned electricity generator Stanwell has teamed up with a group of Australian and Japanese companies to launch a feasibility study for a proposed large-scale production and export project.
The ARM-Harith Cities and Climate Transition Fund will feature public and private finance, according to the joint venture behind it.
The PV project, near the agricultural town of Douglas, is expected to generate enough clean electricity to power 20,000 households.
The solar plant is expected to have a capacity of up to 50 MW and to be located at the 100 MW Gorou Banda thermal power station commissioned in 2017.
The South African Department of Mineral Resources launched a tech-neutral procurement process for 2 GW of capacity in August 2020, in response to a chronic short-term electricity supply gap in the country.
The latest, seven-year investment attracted offers worth more than €100 billion from investors and means the European Union has already generated €54 billion of the €80 billion of bond proceeds it is aiming for this year, as part of its five-year, €800 billion NextGenerationEU support package.
The scheme is open to companies specializing in district heating and offers rebates covering up to 15% of the total investment made to buy and install the heat pump, with developers being eligible for a maximum of DKK5 million for each project.
The factory is under development in Eindhoven by Dutch start-up Solarge, and is scheduled to begin manufacturing activities in March.
Planned to be located in Gwangju, in southwestern Korea, the new factory is expected to reach a capacity of 385 MW and to produce 550 W panels.
Ecuador plans to launch a 500 MW procurement exercise in November.
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