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.
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.