The Western Australian government has given environmental approval to the first stage of the Asian Renewable Energy Hub, a 15 GW hybrid solar and wind plant. The approval is a massive step forward for the project, which will eventually reach 26 GW, and an even larger step forward for green hydrogen development in Australia for domestic use and export.
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.
Beijing’s sudden retreat on electric vehicle subsidies in the summer has caused the value of lithium to hit the floor, with disastrous effects on the balance sheets of Chinese companies which had invested big in supply chains to support anticipated huge demand.
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