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    Eurus Energy To Acquire Investment Stake In Green Hydrogen Scheme In New South Wales, Australia


    May 5, 2022 - Fitch Solutions Sector Intelligence

     

      THIS COMMENTARY IS PUBLISHED BY FITCH SOLUTIONS COUNTRY RISK & INDUSTRY RESEARCH and is NOT a comment on Fitch Ratings' Credit Ratings. Any comments or data are solely derived from Fitch Solutions Country Risk & Industry Research and independent sources. Fitch Ratings analysts do not share data or information with Fitch Solutions Country Risk & Industry Research.

      Eurus Energy To Acquire Investment Stake In Green Hydrogen Scheme In New South Wales, Australia

      • 05 May 2022
      • Australia
      • Infrastructure

      News: Japan-based Eurus Energy has signed an agreement with Energy Estate to acquire investment stake in the AUD2.00bn (USD1.44bn) Hunter Hydrogen Network (H2N) in the Australian state of New South Wales. The deal is subject to regulatory approvals. Under the deal, Energy Estate will be the lead project developer and Eurus Energy will be the co-developer. The scheme is likely to complete by 2026 with first phase aimed to produce green hydrogen, while second phase will include transportation of hydrogen via pipelines. AGL Energy, ITM Power, Idemitsu, Trafigura and APA Group will conduct due diligence for the project (NewCastle Herald)

      This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). FSG is solely responsible for the content of this report, without any input from Fitch Ratings.

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