Genex Power announced that it has successfully completed the refinancing of its senior debt facility for the 50 MW Kidston and the 50 MW Jemalong solar projects with a new five-year $162 million senior facility.
PV MAGAZINE: Explaining the $16.5 million write-down of Genex’s Jemalong Solar Project
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.