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.