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    Engie Reaches FID To Build Renewables Hydrogen Facility In Western Australia


    September 20, 2022 - Fitch Solutions Sector Intelligence

     

      • Infrastructure
      • Australia
      • Company Brief
      • Fitch Solutions

      Engie Reaches FID To Build Renewables Hydrogen Facility In Western Australia

      • 20 Sep 2022
      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.

      News: A joint venture between ENGIE and Japan-based Mitsui & Co (28%) has reached a final investment decision for the construction of a renewables hydrogen production facility in the State of Western Australia. The facility will form the first phase of the Yuri Project and it will use energy from 18MW solar panels and a 8MW small battery energy storage system to power a 10MW electrolyser and produce 640 tonnes of hydrogen per annum as feedstock for Yara Australia's ammonia facility. The hydrogen facility is scheduled to reach completion in 2024, according to a press release from Engie.

      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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