.FortescueFuture has struck a €130million hydrogen collaboration agreement in Germany RenewableEnergy GreenEnergy renewables investment FortescueNews
PERTH – Green energy company Fortescue Future Metals has struck a strategic collaboration agreement with energy infrastructure developer Tree Energy Solutions to accelerate the development of a world leading green hydrogen and green energy import facility in Germany.
“This investment supports the delivery of Fortescue’s supply agreement with E.
The investment will be funded by FFI’s unutilised capital commitment at the end of June 2022 of $1.1-billion. To reflect this investment, guidance for FFI’s anticipated capital expenditure in the 2023 financial year is revised to $230-million, from $100-million. The guidance for FFI’s anticipated operating expenditure of between $500-million and $600-million is unchanged.
The agreement follows a memorandum of understanding signed between FFI and DB, which centres on the companies’ intentions to work together collaboratively on decarbonisation technology opportunities.
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