Montreal-based renewable energy firm, TES Canada H2 will build a C$4 billion ($2.9 billion) green hydrogen project in Quebec, Canada, according to Reuters.

The project aims to reduce 3% of the province’s carbon emissions by 2030. An official announcement is expected to be made on Friday, with the attendance of Canadian Industry Minister Francois-Philippe Champagne.

TES Canada, a subsidiary of Tree Energy Solutions, plans to utilize a wind and solar farm to generate the majority of the energy required for the project.

The project aims to produce 70,000 tons of green hydrogen annually, starting in 2028. Approximately one-third of the production will be dedicated to decarbonizing long-haul transportation, while the remaining hydrogen will be used to produce electric renewable natural gas.

Furthermore, during the construction phase, the project is expected to create over 1,000 temporary jobs in addition to 200 permanent positions.