Australia and the UK announce joint funding initiative for green hydrogen projects

During the 14th clean energy ministerial and 8th mission innovation meeting in Goa, India, the UK and Australian governments have announced a joint initiative for green hydrogen projects. The two countries will provide funding to Australian and British companies to collaborate on research, development, or demonstration initiatives involving green hydrogen. The new set up is a part of an Australian government initiative to collaborate with similar countries to create supply chains, increase investment, and shape international markets for sustainable energy technologies.

The deal will expand upon a renewable energy alliance that the two countries created in 2021. It will concentrate on the use of green hydrogen in industry and transportation to reduce carbon emissions. In addition, international partnership will be crucial for both economies to help achieve a net zero transition.

Recently, in August 2023, Provaris Energy, a western Australian renewables company has announced that it plans for a green hydrogen project – Tiwi H2. Situated on the Tiwi Islands, the solar farm will support a capacity of 2.6 GWp and is anticipated to encompass a 2,640-hectare area.

In July 2023, ACME Group secured funding of Rs 40 billion for its green hydrogen and green ammonia project in Oman from REC Limited. The funds raised from REC Limited will be used to build the facility’s first phase, to be established at the special economic zone in Duqm, Oman.