Pilbara-BP said it has decided to acquire a 40.5% equity interest in, and become operator of, the Asian Renewable Energy Hub (AREH), potentially one of the largest renewables and green hydrogen hubs in the world. Based on the development of world-scale renewable power generation, AREH, located in Pilbara, Australia, plans to supply renewable power to local customers and also produce green hydrogen and green ammonia for the domestic market and for export. AREH intends to develop onshore wind and solar power generation in several phases to a total generating capacity of up to 26 gigawatts.
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