Pumped Hydro

Applications for the first West Australian tender under the Commonwealth government’s recently expanded Capacity Investment Scheme will open mid-year with an initial target of 2 GWh of renewable energy storage projects.

The company behind the 250 MW / 2 GWh Kidston pumped hydro project being developed in north Queensland has given the tick of approval to a $381 million takeover bid from Japanese energy giant J-Power.

Zen Energy has received a greenlight from New South Wales state-owned corporation WaterNSW to investigate transforming Sydney’s biggest water storage facility into a 1 GW pumped hydro project capable of supplying on-demand power for up to eight hours.

After receiving an initial takeover bid last month, Australian renewable power generation and energy storage developer Genex Power has received a revised acquisition offer from Japanese energy company and anchor investor J-Power.

The Australian arm of French energy giant EDF Group has acquired and agreed to co-develop the proposed 300 MW / 3 GWh Dungowan pumped hydro energy storage project being progressed in the New South Wales New England region.

Former Australia prime minister Malcolm Turnbull has been awarded a contract to develop two large-scale pumped hydro projects on water reservoirs owned by the New South Wales government in the Hunter Valley.

Philippines-based energy company ACEN Corporation plans to bolster its renewable energy initiatives in Australia after sealing a $75 million green term loan facility that will help fund the delivery of an 8 GW portfolio of solar, wind, battery storage and pumped hydro projects.

Tunnelling has restarted on a troubled section of the largest renewable energy project under construction in Australia after the New South Wales government issued new environmental approvals to Snowy Hydro.

EnergyAustralia has released the concept design for a 335 MW pumped hydro energy storage and generation project it plans to develop at Lake Lyell near Lithgow in central western New South Wales.

The Queensland government’s proposed 2 GW/48 GWh Borumba pumped hydro energy storage project continues to power ahead with a call for expressions of interest for underground works.