Mark My Words October 23 2026

A significant green energy development is underway in Port Hedland, where SP Energy has announced plans for the Wallerina Energy Hub, a four-gigawatt wind and solar farm. This project is designed to support various industries, including green iron processing, and has already secured preliminary agreements with traditional landowners. The initial phase aims for a one-gigawatt capacity by 2028, with plans to expand by 2030.

In related news, Element Zero has received approval for a $4 billion green iron plant in Port Hedland, which will initially operate using gas while transitioning to greener technologies. This facility is part of a broader trend in the Pilbara, where multiple companies are exploring green iron processing opportunities. Meanwhile, Newman Airport is set for a $106 million expansion after being rated the worst airport in Australia, highlighting the need for improved facilities to accommodate the significant number of FIFO workers.

Fortescue Metals Group faces challenges in negotiations with China's state-owned resources buyer, potentially impacting its operations if unresolved by year-end. In the Great Southern region, Duraquip, a trailer manufacturer, celebrates its 20th anniversary and is expanding its market reach, while Albany's foreshore is poised for development with plans for a new cultural center and restaurant, enhancing the area's appeal.

Mark Pownall is joined by Tom Zaunmayr, Claire Tyrrell and Jack McGinn to talk about the big events of the week in WA business and politics.