Genex – one of Australia’s few remaining renewable energy and storage companies listed on the Australian Stock Exchange – has revealed a $16.5 million write down on the value of its recently completed Jemalong solar farm as a result of falling power prices.
The latest findings from the most comprehensive climate report released to date have rattled ASX 200 shares today. What has been described as a ‘code red for humanity’, the report produced by the Intergovernmental Panel on Climate Change (IPCC) has unearthed some concerning conclusions.
Queensland’s publicly-owned power transmission company is on the hunt for local businesses, who employ locals, to help deliver the state’s newest transmission project to supply renewable electricity to North Queensland.
More than 900 construction jobs will be created in North Queensland with the state’s first pumped hydro storage project in almost forty years reaching financial close.
Construction is set to commence on the 250 MW Kidston Pumped Hydro Storage Project later this month after developer Genex Power announced it had secured all the financing required to progress the $775 million project.
One of Australia’s first pumped hydro energy storage projects for several decades is set to commence construction before the end of the month, with project developer Genex announcing it had signed off on the financial contracts need to fund the project.
The construction of one of Australia’s first pumped hydro energy storage facilities in several decades is ready to go ahead after project developer Genex announced that it had secured contracts with key construction partners.
The Australian Renewable Energy Agency (ARENA) will provide up to $47 million in funding for Genex’s construction of its Kidston Stage 2 Pumped Hydro Energy Storage (PHES) project.
Construction is expected to commence on the massive 250 MW Kidston Pumped Hydro Storage Project in the coming weeks after developer Genex Power announced a $115 million share issue which will deliver the final funding required for the project to proceed.
Genex will go it alone to provide the equity needed for the massive Kidston pumped hydro energy storage project in north Queensland, announcing a $115 million share issue to raise the remaining funds after a deal with a potential equity partner fell through.