Fortescue Metals Group, an Australian iron ore miner, is intensifying its commitment to green hydrogen projects by accelerating investments in clean energy. The company plans to increase its capital expenditures on energy projects to $500 million in fiscal year 2024-25. These investments will target green hydrogen projects in various countries around the world, including Australia, the US, Norway, Brazil, as well as future ventures in Morocco, Oman, Egypt, and Jordan. Fortescue aims to capitalize on opportunities that become economically viable as global green hydrogen demand rises and electricity prices fall. In line with its green energy initiatives, Fortescue has initiated the commissioning of the North Star solar farm near its Iron Bridge ore mine in Port Hedland. This solar farm, with a 100 MW capacity, aims to eliminate up to 180,000 metric tons of carbon emissions annually once fully operational. Additionally, the company's Pecem green hydrogen project in Brazil has progressed to the feasibility stage, while a consortium with Actis has been formed for a green hydrogen project in Oman. Despite its renewable energy focus, Fortescue also released its operational results for the last quarter and the full financial year 2023-24. Iron ore shipments in the last quarter increased significantly by 24.0% from the previous quarter and 10% year-on-year to 53.7 million metric tons, showing recovery from disruptions. However, the iron ore production slightly decreased by 1% year-on-year to 217 million metric tons in the same financial year. Looking ahead, Fortescue maintains its iron ore shipment guidance for the financial year 2024-25 at 190-200 million metric tons, including contributions from the Iron Bridge project. The company's commitment to green hydrogen projects alongside its operational achievements demonstrates its strong focus on sustainability and clean energy as part of its business strategy.