Solar developer Eco Energy World (EEW) has announced a major green hydrogen project in Australia.
Located in Raglan near the Port of Gladstone, Queensland, the project’s total cost represents an estimated AUD$0.5bn (€0.32bn).
EEW has already developed and owns a 300MW PV asset located in Raglan, which is at ready to build stage.
The Group now plans to combine the PV plant with the project to produce renewable energy for green hydrogen production, developing a 200MW hydrogen plant with a further 100MW allocated to energy storage.
The hydrogen plant will produce 33,000 tonnes of green hydrogen per year using electrolyser technology, according EEW.
EEW has entered into a partnership with an unnamed internationally recognised hydrogen electrolyser manufacturer as a technology partner.
Project construction will start as early as Q3 2022 and create up to 100 jobs.
When operational, the facility will employ a significant number of full-time positions.
EEW chairman Svante Kumlin said: “The State of Queensland in Australia is well-positioned strategically to act as a major player in the future generation and export of hydrogen.
“This is due to its existing gas pipeline infrastructure, access to a deep-water export port at Gladstone and significant solar resources that make it an extremely attractive location for this emerging industry.
“Having studied the evolving hydrogen industry since 2017, it now makes sense for us to enter this exciting market as we see the ongoing growth in large-scale electrolyser production and that consequently, capex costs are rapidly falling.
“This significant project marks a key milestone in our own corporate development as we work in parallel to seek a public listing for the Group on an international stock exchange during the course of 2021.
“We believe that a listing will allow us to fully capitalise on other international opportunities and meet our ambitious growth objectives.”
EEW has 1200MW of utility-scale solar PV plants successfully developed worldwide and has decided to leverage this experience by entering the complementary emerging hydrogen sector.