{"id":25468,"date":"2021-10-15T06:28:30","date_gmt":"2021-10-14T23:28:30","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=25468"},"modified":"2024-09-18T14:30:22","modified_gmt":"2024-09-18T07:30:22","slug":"new-south-wales-aims-to-produce-110000-tonnes-of-green-hydrogen-per-year","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/new-south-wales-aims-to-produce-110000-tonnes-of-green-hydrogen-per-year\/","title":{"rendered":"New South Wales aims to produce 110,000 tonnes of green hydrogen per year"},"content":{"rendered":"

The Australian coal-exporting state plans to offer an incentive of AUD3 billion to attract hydrogen projects<\/span>\u00a0<\/span><\/p>\n

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The plan\u00a0would create opportunities for heavy industry and uplift the economy by over AUD600 million.\u00a0Sociopath987\/Shutterstock<\/figcaption><\/figure>\n

New South Wales, Australia\u2019s biggest coal-exporting state, announced that it would grant AUD3 billion (USD2.2 billion) in incentives to attract hydrogen projects\u00a0and bring down its carbon emissions, reported Channel News Asia.\u00a0<\/span>\u00a0<\/span><\/p>\n

Matt Kean, state treasurer and energy minister,\u00a0said that on top of helping to halve carbon emissions by 2030, the plan\u00a0would create opportunities for heavy industry and uplift the economy by over AUD600 million.<\/span>\u00a0<\/span><\/p>\n

“Our major trading partners see hydrogen as part of their energy future. This state has the skills, infrastructure, and renewable energy resources to compete globally in this new industry,” said state Premier Dominic\u00a0Perrottet.\u00a0<\/span>\u00a0<\/span><\/p>\n

The state plans to offer a 90 percent exemption from power network charges for electrolysers installed by 2030, the biggest incentive yet, as power costs are the main factor for green hydrogen production.<\/span>\u00a0<\/span><\/p>\n

By 2030, the state hopes to produce 110,000\u00a0tonnes\u00a0of green hydrogen per year,\u00a0from 700 megawatts of\u00a0electrolyser\u00a0capacity for under AUD2.80 per kg.\u00a0<\/span>\u00a0<\/span><\/p>\n

Kean said, “This strategy is forecast to more than halve the cost of green hydrogen production in New South Wales and will make New South Wales the best place to invest in hydrogen in the world.\u201d<\/span>\u00a0<\/span><\/p>\n

Other major resource-exporting states, namely\u00a0Queensland and Western Australia, have already enticed major green hydrogen project developers, placing increased pressure and competition for New South Wales.\u00a0<\/span>\u00a0<\/span><\/p>\n

More: Philippines commits to climate change with rise of its largest solar park<\/strong><\/a><\/p>\n

Moreover, the state will inject\u00a0AUD70 million to develop hydrogen hubs in the Illawarra and Hunter industrial regions, as well as\u00a0subsidise\u00a0trucking routes with\u00a0a rollout of hydrogen\u00a0refuelling\u00a0stations.\u00a0<\/span>\u00a0<\/span><\/p>\n

For more than a decade of debate over emissions and energy policies,\u00a0hydrogen development\u00a0is the one strategy all Australian politicians agree on\u00a0for\u00a0tackling\u00a0climate change.\u00a0<\/span>\u00a0<\/span><\/p>\n

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The Property Report editors wrote this article. For more information, email:\u00a0propertyreport@propertyguru.com<\/a>.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Australian coal-exporting state plans to offer an incentive of AUD3 billion to attract hydrogen projects\u00a0<\/p>\n","protected":false},"author":12,"featured_media":25469,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[149,309,345,462],"class_list":["post-25468","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-australia","tag-industrial","tag-new-south-wales","tag-sustainability","news_country-australia","news_author-property-report"],"acf":[],"yoast_head":"\nNew South Wales aims to produce 110,000 tonnes of green hydrogen per year | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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