British oil and gas group BP is investing in a huge green power generation project in western Australia.
In an area that is larger than the provinces of North and South Holland combined, solar panels and wind turbines are to be built, which can supply a total of 26 gigawatts of electricity.
This will be used to make green hydrogen and ammonia that Australia can then export. Countries such as South Korea and Japan could use these substances to make their economies green, BP said. The project will be located in an area where a lot of iron ore is mined.
The mines of companies such as BHP and Rio Tinto can also run on green energy from the project.
BP is buying more than 40 percent of the project, which is called the Asian Renewable Energy Hub. It was previously estimated that the entire project would cost $36 billion.
