Fortescue puts aside $400m for new hydrogen, wind and solar projects, page-2

Apart from the $400 million that FMG is setting aside for the project, if approved, the venture would almost certainly qualify for a NAIF loan.

As an example, Genex Power Limited has been granted a $610 million 30 year loan for a combined solar and pumped hydro energy scheme in North Queensland.

A similar loan to FMG (and partners?), would go a long way toward funding the proposed project.

https://naif.gov.au/

NAIF is a $5 billion development financier that provides loans to infrastructure projects in the Northern Territory, Queensland and Western Australia. NAIF’s mission is to be an innovative financing partner in the growth of northern Australia. A key focus of any financing is to drive public benefit, economic and population growth and Indigenous involvement in northern Australia.