UK’s BP to acquire 40.5% stake in Australia’s 26 GW Asian Renewable Energy Hub

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UK’s BP will acquire a 40.5% stake in the 26 GW Asian Renewable Energy Hub, or AREH, in Western Australia and become an operator in the project that plans to produce 1.6 million mt of renewable hydrogen a year at full scale, the energy firm said June 15. InterContinental Energy is the main project participant of AREH that would be…