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.
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.
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.
RENEWABLES NOW: Genex opts for sole equity funding of 250-MW K2 hydro storage project
Genex Power Ltd (ASX:GNX), the developer of the 250-MW K2 pumped storage hydro project in Queensland, has kicked off an AUD-115-million (USD 87.4m/EUR 73.9m) equity fundraising, betting on a plan to achieve financial close without partners.