European Energy takes control of Aussie biz behind 3.6-GW solar H2 project

Danish renewables developer European Energy A/S said on Thursday that it has acquired a majority stake in Australia’s Austrom Hydrogen Pty Ltd to accelerate to development of its 3.6-GW Pacific Solar Hydrogen Project in the Gladstone region of Queensland.

The Danish firm said it had finalised the acquisition in November, without disclosing the size of the investment and the stake.

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Pacific Solar Hydrogen is an integrated solar and battery development spanning four sites totalling 6,000 hectares (14,826 acres). The project holds the potential for green hydrogen production with an estimated output of over 100,000 tonnes per year.

The four sites are located in proximity to the Gladstone export hub. Austrom intended to load the hydrogen at Gladstone Port and export it to Japan, South Korea and other countries.

European Energy said that it will be in charge of the development and grid connection processes for the portfolio in the coming months.

“We do believe that it is feasible and realistic to realise this project in 2026 not least because of the willingness of the local authorities in Australia to see the possibilities of moving ahead on the green transition and become a key exporter of the fuel of tomorrow,” said Thorvald Spanggaard, Executive Vice President in European Energy and Head of Project Development.