The Denmark-based renewable energy developer European Energy has acquired a majority stake in the Australian company Austrom, which is developing the 3.6 GW Pacific Solar Hydrogen Project near Gladstone, in the state of Queensland (north-eastern Australia). European Energy will accelerate the development work of the project, which is expected to produce more than 100,000 t/year of green hydrogen, as well as manage its grid process. The 6,000 hectares hydrogen project will be powered by solar PV energy and is projected to enter construction in the second quarter of 2024, with completion expected in 2026. It will also comprise a battery energy storage facility.
In September 2022, Queensland unveiled a AUD62bn (US$40bn) clean energy plan in which the state plans to source 70% of its energy needs from renewables by 2032 and 80% by 2035. The plan includes a new SuperGrid connecting solar, wind, battery and hydrogen generators across the state. It includes plans for 22 GW of new wind and solar, 11.5 GW of rooftop solar, 9 GW of battery storage and two new pumped hydro projects capable of delivering 7 GW of long-duration storage.
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