Following the completion of Infinite Green Energy’s (IGE) acquisition of Perth’s Northam Solar Farm and signing of its first offtake contract, Australia’s first commercial-scale green hydrogen project is planned to commence production in the last quarter of 2024.
The completion of the $8 million Northam deal, funded by debt and investor capital, will allow IGE to leverage the 11MW solar farm to produce four tonnes a day of renewable hydrogen via electrolysis.
The hydrogen output will initially power Fuel Cell Electric Vehicle (FCEV) truck fleets for several key back to base customers, with the first binding supply agreement signed in February 2023 with a Western Australian waste-to-energy refuge collection company.
Infinite Green Energy, chaired by former Woodside CEO, Peter Coleman, will immediately commence a $3 million capital raising to fund production capacity of the Northam project and the pathway towards planned production of the company’s flagship, 23t/day Arrowsmith project.
Mr Coleman said the strategic acquisition of the Northam Solar Farm and capital raising would allow IGE to progress the Northam project to final investment decision. The company plans to expand the Northam Solar Farm capacity to 18MW and connect a 10MW electrolyser for green hydrogen production in the second half of 2024.
In the meantime, he said IGE would benefit from the Northam asset’s existing Power Purchase Agreement (PPA), which delivered immediate revenue to shareholders.
“With the security of a PPA in place, our clear path to initial production in 2024 will demonstrate the plant and help to initiate a market for green hydrogen in the commercial mobility sector in Western Australia.”
This completed acquisition of Northam will see the business producing at scale in an Australian first and cementing IGE as the first and biggest commercial producer of green hydrogen.
IGE founder and CEO, Stephen Gauld, said the business would promote the hydrogen ecosystem in Western Australia by supplying contracted customers and local fuel stations with green hydrogen, which was expected to facilitate FCEV demand in the local transport industry.
