Australian renewable energy company Sunshine Hydro today unveiled plans for an AUD-2-billion (USD 1.44bn/EUR 1.35bn) pumped hydropower and green hydrogen project in Queensland, in partnership with domestic advisory firm Energy Estate.
The Flavian project is set to become part of the Central Queensland Renewable Energy Zone. It calls for the production of green hydrogen for use in heavy transport through a closed-loop hydropower model that uses a mix of energy sources.
Energy Estate has joined Sunshine Hydro to co-develop the ambitious project and will also supply green power for the production process.
According to the statement, land for the project has already been secured near Miriam Vale and a final investment decision is expected to be taken in 2025.
SunShine Hydro will aim to bring the Flavian “superhybrid” on stream from 2028. The power generation component of the complex is expected to cover the consumption of around 600,000 homes and is seen to mitigate an average of four million tonnes of carbon dioxide (CO2) emissions annually.
In the meantime, Energy Estate is also involved in another AUD-2-billion project envisaging the construction of a large-scale green hydrogen production hub in New South Wales.
(AUD 1.0 = USD 0.719/EUR 0.673)
Choose your newsletter by Renewables Now. Join for free!