A description of renewable energy shares, and a rundown of some of the best ASX renewable energy companies to watch in 2024. These stocks are chosen for their large market capitalisations and dominance in the sector.
RENEW ECONOMY: New big battery trumps solar farms to become top earner for Genex as it cashes in on market volatility
Genex Power’s brand new Bouldercombe battery has quickly become the company’s biggest earner, with the 50 MW, two hour battery easily trumping the revenue earned by the company’s two operating 50 MW solar projects.
PV MAGAZINE: Genex backs new takeover bid from Japan’s J-Power
The company behind the 250 MW / 2 GWh Kidston pumped hydro project being developed in north Queensland has given the tick of approval to a $381 million takeover bid from Japanese energy giant J-Power.
POWER TECHNOLOGY: Japan’s J-Power bids $249m for Australian renewables developer Genex
Japan’s J-Power bids $249m for Australian renewables developer Genex. Japan’s Electric Power Development (J-Power) already holds a 7.7% stake in Genex and has previously tried to acquire the company.
PV MAGAZINE: Genex names EPC contractor for 775 MW solar project
Genex Power has tapped PCL Construction as its preferred engineering, procurement and construction contractor for the up to 775 MW first stage of the Bulli Creek solar project being developed in southeast Queensland.
RENEWABLES NOW: Genex secures Stanwell as offtaker of 258MW Kidston wind project
Australia’s Genex Power Ltd (ASX:GNX) has secured a power purchase agreement (PPA) for half of the output of its 258-MW Kidston Stage 3 wind project (K3W) in Queensland.
UTILITY MAGAZINE: Genex secures PPA for Kidston Wind Project
Genex Power has announced that its subsidiary, K3W Project Co, has entered into a ten-year power purchase agreement with EnergyAustralia for the 258MW Kidston Stage 3 Wind Project (K3W).
UTILITY MAGAZINE: Bouldercombe battery paving the way for renewable energy storage
Genex Power says its newly Bouldercombe Battery is already “sopping up” some of the negatively priced energy from cheap solar power flooding the Queensland grid, despite still being in the commissioning phase.
RENEW ECONOMY: Genex to build Australia’s biggest solar farm after supply deal with Fortescue
Listed renewable energy and storage developer Genex Power says it plans to build the biggest solar farm on Australia’s main grid after landing a huge 25-year off-take deal with iron ore billionaire Andrew Forrest’s Fortescue Metals.
RENEW ECONOMY: Genex eyes trebling of revenue, says new battery already “sopping up” negative prices
Genex Power says its newly Bouldercombe Battery is already “sopping up” some of the negatively priced energy from cheap solar power flooding the Queensland grid, despite still being in the commissioning phase.