Representatives of the wind turbine giant met with officials from the Australian Trade and Investment Commission (Austrade) as well as Australia and New Zealand Bank Group (ANZ).

Under a cooperation agreement with ANZ, Envision aims to build a “green finance ecosystem” and deepen its involvement in Australia.

Envision Senior Vice President Kane Xu said Australia was a “cornerstone market” as the firm looks to expand its hydrogen and ammonia portfolio.

While Envision’s announcement stopped short of revealing firm plans, ANZ’s Global Head of Resources, Energy & Infrastructure, Paul Richards, said the bank would develop “comprehensive financial solutions” to help “empower Envision’s growth” in Australia.

Envision has built its reputation in wind energy and is now positioning itself to capture large swathes of the green hydrogen market.

Earlier this year, the company brought online a 500MW green ammonia plant in China and has since inked agreements to see its plant designs used in regions like South America.

Despite lucrative federal support schemes, Australia’s hydrogen plans have been slowed by major projects being scrapped or paused — a point increasingly seized upon by political opposition.