Minister for Energy and Renewables, Nick Duigan, said the opening of a Registrations of Interest process marked a significant milestone in the State’s journey as a renewable energy powerhouse.
“The ROI process invites market participants, down-stream users, investors and the broader energy sector to contribute to shaping a sustainable and prosperous future powered by renewable hydrogen,” Minister Duigan said.
“We know there is global interest in Bell Bay, and we want to leverage that to ensure the best outcomes for Tasmania.
“Tasmania, as Australia’s leading renewable energy state, has significant competitive advantages to offer industry and the world.
“The Hub will attract investment and drive regional economic development, support the state’s transition to a low-emission economy and further strengthen our reputation as a renewable energy leader, which is what our 2030 Strong Plan for Tasmania’s Future is all about.”
The Hub has been awarded up to $70 million in grant funding from the Commonwealth under the Regional Hydrogen Hubs program, supported by $11 million in the Tasmanian 2024-25 State Budget.
“Bell Bay is an ideal location for a hydrogen hub with its deep-water port, skilled workforce, land availability and powered by Tasmanian renewable energy,” Minister Duigan said.
“The Hub is expected to generate around 740 direct and indirect jobs, including energy specialists such as engineers and technicians. Construction will provide work for local skilled trades like concreters, metalworkers, fitters and electricians.
“The Hub has the potential to produce 45,000 tonnes of renewable hydrogen a year – enough to fuel over 2,200 heavy vehicles for a year.”
The ROI process will run from today until 14 February 2025, encouraging a diverse range of participants to express their interest in being part of this transformative project.
