BP studying 1.5GW of renewable energy capacity for Western Australia green hydrogen project

first_imgBP studying 1.5GW of renewable energy capacity for Western Australia green hydrogen project FacebookTwitterLinkedInEmailPrint分享Renew Economy:Oil and gas giant BP is looking to build 1.5 gigawatts of new wind and solar capacity in Western Australia if it goes ahead with a full commercial project to build a renewable hydrogen production facility in that state, with an eye to the export market.The scale of the project underlines the massive opportunities that could be presented by the renewable hydrogen industry, which will look to draw on Australia’s magnificent wind and solar resources and use them to create zero emissions export fuels, such as hydrogen or ammonia, or for use to support a revitalised domestic manufacturing industry.The Australian Renewable Energy Agency, which is putting $1.7 million towards a $4.4 million feasibility study, says the potential market of renewable fuels – both for export and domestic use – is so big it is thinking in terms of Australia moving beyond “100 per cent renewables” to 700 per cent renewables.Many states are now looking at the possibility of tapping into their own wind and solar resources to develop an industry that would match, if not replace the LNG sector over time, these include Queensland, South Australia and W.A., where another two projects have also been identified in the Pilbara and the same region targeted by BP.The significance of the BP interest is the focus of one of the Big Oil majors on renewables. The economics of renewable hydrogen over fossil fuel alternatives will likely be driven by the price trajectory of electrolysers, but also the potential to supply manufacturing and industries like steel making at scale.“We believe that green hydrogen will play an increasingly important role, not only as a new, clean energy vector but also in enabling the further growth of renewable power,” Dev Sanyal, executive VP of BP’s gas and low-carbon energy business, said in a statement.[Giles Parkinson]More: BP looks to add 1.5GW wind and solar for huge renewable hydrogen project in W.A.last_img