Genex Power’s latest annual report makes inspiring reading, with its plans for repurposing of the Kidston Gold Mine into a renewable energy hub progressing through stages. Its Jemalong solar farm is also delivering to plan — what then of the write down?
RENEW ECONOMY: Genex writes down value of 50MW solar plant due to falling electricity prices
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 MOTLEY FOOL: What could the latest climate report mean for ASX 200 shares?
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 GOVERNMENT: Wanted – North Queensland businesses to work on Powerlink transmission project
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.
QUEENSLAND GOVERNMENT: Hydro to pump North Queensland jobs
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.
PV MAGAZINE: Genex powers ahead with 250 MW pumped hydro project
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.
RENEW ECONOMY: Kidston pumped hydro construction to start this month after Genex locks in finance
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.
RENEW ECONOMY: Genex locks in EPC contracts, other partners for flagship pumped hydro 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.
ENERGY MAGAZINE: Federal funding for Kidston Pumped Hydro project
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.
PV MAGAZINE: Genex confirms construction to begin on 250 MW Queensland pumped hydro plant
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.