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Fortescue puts aside $400m for new hydrogen, wind and solar projects

By February 18, 2021November 28th, 2021No Comments

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Fortescue puts aside $400m for new hydrogen, wind and solar projects

Feb 18, 2021 • Renew Economy

Fortescue Metals is set to funnel at least $400 million into renewable energy technologies such as wind, solar and green hydrogen.

Fortescue Metals will direct 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. Through its new subsidiary, Fortescue Future Industries (FFI), the company plans to build between 300 and 1000 gigawatts of renewably-generated capacity around the world, largely for use in manufacturing green hydrogen. On February 23, 2021, FFI announced that former Australian Prime Minister Malcolm Turnbull will serve as the subsidiary’s chairman. 

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