Andrew Forrest

Fortescue Future Industries (FFI), owned by mining giant Fortescue Metals, has submitted a proposal for a green hydrogen and ammonia production facility project in Canada’s British Columbia. Dubbed ‘Project Coyote’ the facility would be located in the city of Prince George in the centre of the Canadian province.

China’s deputy head of the National Development and Reform Commission is reported to have recently met with Andrew Forrest, founder and executive chairman of Fortescue.

Sun Cable, the company behind the world’s largest solar and storage project, has officially gone up for sale after entering voluntary administration in January. Its administrator, FTI Consulting, is seeking binding offers of acquisition or recapitalisation by the end of April with a deal to be finalised by May’s end.

Sun Cable – considered to be the world’s biggest renewable energy export project – announced on Wednesday it had entered voluntary administration following “the absence of alignment” with shareholders.

The Northern Territory government remains upbeat about the future of the $30 billion-plus (USD 20.7 billion) Australia-Asia PowerLink project despite the company behind what would be the world’s biggest solar and energy storage project having abruptly entered voluntary administration.

Sun Cable, the developer of the world’s largest solar and battery project, backed by two of Australia’s most powerful energy players – Andrew Forrest and Mike Cannon-Brooks – has entered voluntary administration. It is not yet clear what this will mean for the company’s hallmark project, the Australia-Asia PowerLink, though the company’s executives appear optimistic.

Squadron Energy, part of the Forrest’s family’s Tattarang Group, has acquired one of Australia’s biggest renewables players, CWP Renewables. The deal, reportedly worth more than $4 billion (USD 2.7b), came as something of a surprise with Squadron’s bid undetected beside highly publicised offers from Iberdrola, Tilt Renewables and Origin.

Mining magnate Andrew “Twiggy” Forrest is the founder and executive chair of Fortescue Metals Group, a major Australian iron ore producer. The company recently announced an ambitious USD 6.2 billion ($9.3bn) decarbonisation strategy. Meanwhile, a fully owned subsidiary – Fortescue Future Industries – has rapidly become a global player in green hydrogen, along with a host of other technology pathways in the energy transition. Whether it is pushing to decarbonise mining, hashing out headline-making green energy deals, or using the popular “Rick and Morty” cartoon to educate people about the potential of green hydrogen, Fortescue and its shining magnate are talking the talk. But can they walk the walk? Blake Matich reports.

The battle of the billionaires has become the stuff of headlines. The world’s richest man, Elon Musk, has gone head-to-head with Australia’s richest man, billionaire Andrew “Twiggy” Forrest.

Australian-based mining giant Fortescue Metals Group has announced it will deploy an additional 2 GW to 3 GW of renewable energy generation and battery storage as part of a more-than $9 billion plan to decarbonise its iron-ore operations by 2030.