BP has formally walked away from its lead stake in a $55 billion green hydrogen project in the Pilbara, in a third major blow for the nascent sector this week.
Andrew Forrest's CWP Renewables buy propels Squadron Energy to the biggest renewable energy developer in the country and supports the billionaire's dream for a ‘green energy ecosystem'.
BP will take the lead on what is touted to become one of the world's largest renewable energy hubs, after the oil and gas giant took a stake in the Asian Renewable Energy Hub in the Pilbara.
The difficulty of building large scale hydrogen export projects has been brought into sharp focus after a multi-billion dollar Pilbara proposal was knocked back on environmental grounds.
