- Province Resources (PRL) has teamed up with Total Eren for a potential major green hydrogen project in Western Australia
- The parties plan to undertake a feasibility study for the hydrogen project
- Notably, in Australia, Total Eren successfully developed, financed and constructed Victoria’s largest solar farm, Kiamal Solar Farm
- The project will be located in the Shire of Carnarvon and will be developed in two stages totalling up to eight gigawatts in installed renewable energy capacity
- On the market this morning, Province is up 24.1 per cent and is trading at 18 cents per share
Province Resources (PRL) has signed a memorandum of understanding with Total Eren for a potential major green hydrogen project in Western Australia.
Under the agreement, the companies will first perform a feasibility study for the hydrogen project.
Total Eren is a leading France-based independent power producer with over 3.3 gigawatts of renewable energy power plants around the world.
Notably, in Australia, Total Eren successfully developed, financed and constructed
Victoria’s largest solar farm, Kiamal Solar Farm.
The project will be located in the Shire of Carnarvon in the Gascoyne region and will be developed in two stages totalling up to 8 gigawatts in installed renewable energy capacity.
If successfully realised, the project will be equally owned between the two companies, with the development led by Total Eren.
“Given the recent drive by state and federal governments to quickly develop and advance the green hydrogen industry in Australia, I am confident this project will be of strategic national importance,” Province Managing Director David Frances said.
“Province is excited to have a global renewable energy leader such as Total Eren as a partner with the technical and financial capability to help Province deliver this project as part of the backbone of the nation’s hydrogen strategy,” he added.
On the market this morning, Province is up 24.1 per cent and is trading at 18 cents per share at 10:40 am AEST.