· bp to take a 40.5% stake and operatorship of the AREH project in the Pilbara, Western Australia
· AREH to support development of up to 26GW of combined solar and wind power generating capacity
· At full scale AREH could produce 1.6 million tonnes of green hydrogen or 9 million tonnes of green ammonia per annum – making it one the largest green hydrogen projects in the world.
bp agreed to acquire a 40.5 percent equity stake in and to become operator of the Asian Renewable Energy Hub (AREH), which has the potential to be one of the largest renewables and green hydrogen hubs in the world.
Based on the development of world-scale renewable power generation, AREH, in the Pilbara region of Western Australia, intends to supply renewable power to local customers in the largest mining region in the world and also produce green hydrogen and green ammonia for the domestic Australian market and export to major international users.
AREH has plans to develop onshore wind and solar power generation in multiple phases to a total generating capacity of up to 26 gigawatts (GW) – the equivalent of producing over 90 terawatt hours per year, which is around a third of all electricity generated in Australia in 2020.
At full capacity, AREH is expected to be capable of producing around 1.6 million tonnes of green hydrogen or 9 million tonnes of green ammonia, per annum. Situated on a 6,500-square kilometer site, AREH is already in a highly advantaged position with access to abundant solar and wind resources with consistent output.