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.
RENEW ECONOMY: Genex secures new finance to shore up pumped hydro and fund big battery plans
Genex Power has announced a major new funding deal to bring home its flagship pumped hydro project at Kidston in Far North Queensland and drive development of the massive up to 2GW Bulli Creek solar and battery project.
RENEW ECONOMY: Genex switches on its first big battery project on time and on budget
Genex Power says it has turned on its first storage facility this week, a 50MW/100MWh Tesla battery storage facility in Bouldercombe near Rockhampton in Queensland that it says has been built on time and on budget.