• Fortescue to invest US$680 million in new green energy infrastructure in the Pilbara
• 200MW Pilbara Green Energy Project to be rapidly developed, with pathway to multi-gigawatt expansion
• Project to deliver additional renewable energy generation beyond Fortescue's Real Zero by 2030 strategy

Fortescue Ltd (ASX: FMG) has announced that its Board has approved a US$680 million investment to expand the company's green energy capacity in the Pilbara region. The investment will be used to rapidly develop the 200MW Pilbara Green Energy Project, which will deliver additional renewable energy generation beyond what is required for Fortescue's Real Zero by 2030 strategy. The project is anticipated to be completed by 2028, with a pathway to multi-gigawatt expansion beyond 2030. Fortescue's previously announced Green Grid, comprising 1.2GW of solar, 600MW of wind, 4-5GWh of battery storage, and 620km of transmission lines, will form the backbone of the new Pilbara Green Energy Project. The same capital discipline and project execution capability from Fortescue's decarbonisation efforts will be applied to the new project. Fortescue is engaging with interested parties and will develop the project with key partners, including government and traditional custodians. The investment is in addition to the previously approved US$6.2 billion decarbonisation program and is aimed at enabling new industries, such as data centres, to operate in a fossil fuel-free, cheaper, and faster manner than traditional alternatives.

Fortescue is demonstrating a proven pathway to energy independence, enabling total control of costs and energy supply. The Pilbara Green Energy Project will deliver new green electrons at a scale and speed to market not able to be replicated by fossil fuel, enabling a pathway for new industries to operate fossil fuel-free, cheaper and faster than traditional alternatives.