– US$6.2 billion capital investment by 2030 to eliminate fossil fuel risk and reduce operating costs by US$818 million per year. Fortescue Metals Group Ltd (Fortescue, ASX: FMG) has today updated its world leading heavy industry decarbonisation strategy, aiming to eliminate fossil fuel use and achieve real zero terrestrial emissions (Scope 1 and 2) across […]
Fortescue green hydrogen goal needs 450GW of wind and solar by 2030 – EQ Mag Pro
Andrew Forrest’s Fortescue Future Industries has revealed some of the extraordinary numbers behind its hugely ambitious goal to deliver 15 million tonnes of green hydrogen production a year by 2030. It will require, according to FFI’s head in NSW Joshua Moran – some 150GW of hydrogen electrolysers and a phenomenal 450GW of renewable capacity, namely […]
Fortescue to fund new solar factory as it lays bet on thin-film solar – EQ Mag Pro
Fortescue Future Industries has tipped new funds into Dutch thin-film PV maker Hyet Solar, in a move to fast-track the delivery of a Netherlands-based factory that aims to produce at least 40MW of low-cost solar modules a year. FFI said on Tuesday that it has joined Dutch investment fund Teslin Participates in providing an undisclosed […]
Fortescue buys 60% stake in Dutch based renewable energy firm
Fortescue Future Industries (FFI) is part of Fortescue Metals’ plan to become the world’s first major supplier of green iron ore, and aims to supply 15 million tonnes of green hydrogen globally by 2030. Fortescue Metals Group Ltd’s green energy unit said on Thursday it bought a 60% stake in Dutch-based renewable firm High yield […]
Fortescue puts aside $400m for new hydrogen, wind and solar projects
Fortescue Metals is set to funnel at least $400 million into renewable energy technologies such as wind, solar and green hydrogen, as it ramps up its push to be one of the world’s biggest clean energy companies. That would come on top of around $100 million of investment this financial year. If the iron ore […]