BP to acquire a 40% stake in Asian Renewable Energy Hub.

BP, an energy company, agreed to acquire a 40% stake in Asian Renewable Energy Hub, a renewable energy plant. Financial terms were not disclosed. "AREH is set to be one of the largest renewable and green hydrogen energy hubs in the world and can make a significant contribution to Australia and the wider Asia Pacific region’s energy transition. It truly reflects what integrated energy is – combining solar and onshore wind power with hydrogen production and using it to help transform sectors and regions. We believe AREH can be a cornerstone project for us in helping our local and global customers and partners in meeting their net-zero and energy commitments," Anja-Isabel Dotzenrath, BP Executive Vice-President.