BP buys into Australian wind, solar, hydrogen mega-project

Investing.com | Jun 14, 2022 at 9:06 PM
  • BP plc (LON:BP) has agreed to buy a 40.5% stake and become operator of an Australian renewable energy project that could become one of the world’s biggest producers of green hydrogen, the global oil major said.
  • The project’s co-founders, privately owned InterContinental Energy and CWP Global, are counting on BP (NYSE:BP) to jump-start AREH.
  • InterContinental Energy and CWP Global have been working on the project since 2014.