The project is situated in Australia’s Pilbara region
BP acquires controlling stake in Australian renewables project
Oil major buys 40.5pc share in Australian Renewable Energy Hub, which will supply power to local mines and produce green hydrogen and ammonia
BP has acquired a 40.5pc equity stake in and become operator of the Asian Renewable Energy Hub (AREH)—a planned 26GW onshore wind and solar project in Australia that will also produce green hydrogen. AREH, in the Pilbara region of Western Australia (WA), was first proposed in 2014 and developed by green hydrogen firm Intercontinental Energy, renewables developer CWP Global and financial services firm Macquarie Capital, which will retain a 26.4pc, 17.7pc and 15.3pc share in the project respectively. Danish wind firm Vestas has sold its stake. The project intends to supply renewable power to local mining firms and produce either 1.6mn t/yr of green hydrogen or 9mn t/yr of green ammonia from 14
Also in this section
2 January 2026
This year may be a defining one for carbon capture, utilisation and storage in the US, despite the institutional uncertainty
23 December 2025
Legislative reform in Germany sets the stage for commercial carbon capture and transport at a national level, while the UK has already seen financial close on major CCS clusters
15 December 2025
Net zero is not the problem for the UK’s power system. The real issue is with an outdated market design in desperate need of modernisation
28 November 2025
The launch of the bloc’s emissions trading system in 2005 was a pioneering step, but as the scheme hits 21 its impact as a driver of decarbonisation is still open to debate
