A key shareholder in the two biggest wind, solar and green hydrogen projects in Australia has hailed the passage of the federal government’s production tax credit scheme, saying the Future Made In Australia bill will open the door for billions of dollars in support.
Intercontinental Energy is a shareholder in two massive projects located in Western Australia – the potential 70 gigawatt Western Green Energy Hub around Eucla in the south east of the state, and the 26 GW Australian Renewable Energy Hub in the Pilbara in the state’s north.
It hopes that the shareholders in each project can reach a financial investment decision on at least the first stages of the huge projects before the end of 2029.