Singapore sovereign wealth fund backs Australian green hydrogen developer
The InterContinental Energy company behind two proposed green hydrogen megaprojects in Western Australia – the 26GW Asian Renewable Energy Hub and the 50GW Western Green Energy Hub – has received the backing of Singapore’s US$744 billion sovereign wealth fund GIC.
The Hydrogen Stream: Plans for $75bn, 50 GW green energy hub in Western Australia
Plus, as the European Commission prepares to present its ‘Fit for 55’ climate change package tomorrow, European companies are continuing to develop hydrogen plans, including Shell in Norway and Siemens in Germany.
A mega solar and wind project for Western Australia
The 15 GW Asian Renewable Energy Hub has been recommended for approval by environmental authorities in the Pilbara region. The project was originally intended to export clean energy to Jakarta and Singapore via subsea, high voltage DC cables but its focus has shifted to domestic industrial consumers.
