Amp Energy announced in early May that it will invest more than €1.29bn to establish a renewable energy hub in south Australia that includes over a gigawatt of solar power generation, some wind and energy storage.
Amp is a global renewable platform that was only formed in 2009, but it has over 4.6GW of energy built or under construction. Its first project was on the roof of a bank in London just over 10 years ago.
The Toronto-based global renewables platform, which got over €311m of an investment from The Carlyle Group in 2020, has acquired the solar portfolio from EPS Energy.
In addition, the Renewable Energy Hub of South Australia will house an integrated hydrogen production facility that will supply the local market while exporting hydrogen from the Spencer Gulf to Asia.
Local Australian politicians say South Australia has aspirations of achieving net 100% renewable energy generation by the end of the decade.
Amp is already present in Australia and currently has 158MW of operating or under-construction solar assets there, all in New South Wales.
In late April, Ningxia Baofeng Energy Group commenced the operation of a hydrogen production facility in northwest China that is powered by a 200MW solar photovoltaic (PV) park.
The hydrogen produced at the site will replace carbon-intensive energy sources like coal.
Local authorities suggest the output of the new plant could reduce coal consumption by 254,000t per year, leading to a 445,000t carbon dioxide (CO2) emissions cut.
The SAN Group announced it will invest €3m in a solar-powered hydrogen project within the Herzogenburg industrial park in lower Austria.
SAN Group was founded in 2020 through a carve-out of the companies Sanphar, bio-ferm and Westbridge from Erber Group, and the merging with SAN Real and SAN Pacific Investments.
The group has about 200 employees on four continents. Its business focuses on animal health, biotechnological crop protection, real estate development, as well as investments in future technologies.
The group plans to build a facility that can produce up to 100kg of hydrogen per day.
The electrolysis plant will run on electricity generated by a 1.5MW rooftop solar photovoltaic (PV) system.
While some of the hydrogen will be used to supply its own company fleet, the group will be offering the rest to businesses in the region.
The plant is expected to be completed in the spring of 2022.