Pumped Hydro

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.

Kidston solar-pumped hydro project resumes with funding extension

After Genex Power’s offtake agreement with EnergyAustralia fell through earlier this month its concessional federal funding lapsed. However, the Project has secured an extension into 2020, hopefully allowing it enough time to restructure and reach financial close.

Kidston solar-pumped hydro project stalls as funding falls through

Genex Power has failed to lock in a previously announced offtake agreement with EnergyAustralia for its landmark Kidston hub in northern Queensland and requested a trading halt with the ASX on their securities.

Tasmania firms its ambitions of becoming Battery of the Nation

Hydro Tasmania has released a white paper pushing the island state’s claims to become the Battery of the Nation via upgrades to the Victoria-Tasmania interconnector, an effort to unblock the backlog of solar and wind.

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