Pumped Hydro

The kids of Goat Hill: Altura proposes 1GW of east-coast pumped hydro projects

You’ll recall that in 2019, an Australian National University Study identified 22,000 potential pumped-hydro energy storage sites across Australia. Altura Group, is proposing development of three east-coast sites that are also close to strong transmission connections, abundant renewable resources and load centres.

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AGL, Hillgrove Resources scrap 250 MW pumped hydro plans

Australia’s biggest power producer AGL and copper miner Hillgrove Resources have agreed to abandon the ambitious pumped hydro project at an old mine pit in South Australia. No longer bound by the project restriction, the owner intends to step up mining and drilling activities at the site.

Federal funds flow to test feasibility of Queensland HELE coal and pumped-hydro projects

Angus Taylor has announced major recipients of government funding intended to “ensure affordable and reliable energy for commercial and industrial customers” in Central and Far North Queensland.

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Genex achieves financial close for Jemalong and refinancing for Kidston

Sydney-based developer Genex Power Limited (Genex) has fought its way back from several unlucky blows to achieve financial close for the 50MW Jemalong Solar Project and the refinancing of the 50 MW Kidston Solar One Project.

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AEMO calls for over 30 GW of solar and wind to replace coal-fired generation by 2040

To fill the gap left by retiring coal-fired plants, the Australian Energy Market Operator forecasts that Australia should invest in a further 30-47 GW of new large-scale wind and solar projects by 2040. At the end of the outlook period, AEMO projects that distributed energy resources could provide up to 13% to 22% of total underlying annual NEM energy consumption.

Marinus Link project firms after positive early reports

Tasmania’s ambitions of becoming the Battery of the Nation improve after early reports on the proposed Marinus Link, a second interconnector between Tasmania and Victoria, show the project’s economic advantages far outweigh expected costs.

Plan to go ahead as J-Power recommits to Kidston pumped hydro

The Kidston solar-pumped hydro project is back on its feet after Japanese utility J-Power and Genex Power renegotiated their deal with the extension of funding provided by the Northern Australia Infrastructure Facility Board earlier this month. The project had been thrown off-course after a shock decision by EnergyAustralia not to finalise a purchase agreement.

Genex Power gets debt financing nod for two solar projects

The Sydney-based developer has received credit approval to fund two of its solar projects. The announcement comes only days after Genex resumed trading on the Australian stock exchange in the wake of the Northern Australian Infrastructure Fund’s decision to extend offer of funding for the 250 MW Kidston pumped storage hydro project.

Part 4: NSW between a lump of coal and a hard place

There’s no shortage of action in the New South Wales renewable-energy scene, with some 19.4 GW of large-scale renewable energy projects approved or progressing through the planning system, and around 2.5 GW of grid-scale solar under construction. Plus there’s 2 GW of generation and 175 hours of storage planned for the pumped-hydro project known as Snowy 2.0 – and that’s just what’s happening at the big end of town.

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Tasmania wants to lead the way with green hydrogen

New Analysis from Hydro Tasmania shows the island state to be in a unique position to lead the nation in the production of green hydrogen from renewable sources.

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