Genex Power releases new details on Kidston project
After releasing the December quarter update for the 50 MW Kidston Solar Project Stage 1, which showed strong revenues and a big boost in generated power, Sydney-based Genex Power has shared a research paper on the term sheet signed with electricity provider EnergyAustralia for the 250 MW Kidston Stage 2 Pumped Hydro Storage development.
Genex Power partners with EnergyAustralia on Kidston solar-pumped hydro project
Sydney-based publicly listed Genex Power has signed an agreement with electricity provider EnergyAustralia to begin construction on the 250 MW pumped hydro project as part of the Kidston renewables hub in north Queensland. Genex is now looking to secure financing for a 270 MW solar component of the project.
55 MW PV coupled with four-hour storage, for $150 million ‘solar peaker’
The Lyon Group is partnering with Japanese energy giant JERA and battery technology provider Fluence to deliver the 55 MW Cape York Battery Power Plant. The $150 million solar+storage project secured its generator performance standard, clearing the way for construction to begin in early 2019.
Battery grant and loan scheme expanded by Queensland government as interest surges
After around 1200 applications were lodged for the original 1500 packages in as little as two weeks, the Queensland government has introduced an additional 1000 battery grant packages to help households and small businesses cut their energy bills with the help of solar and storage.
Queensland’s 800 MW wind farm to break ground with solar and battery approved
All state and national approvals have been secured for a massive wind project in central Queensland. The 800 MW wind farm is part of a major renewable energy hybrid project, which is planned to include up to 400 MW of solar and a battery energy storage facility that have already secured state approval.
AEMO acceptance takes 50 MW Kidston close to 12 months
In an extraordinary demonstration of the delays facing many Australian large scale PV power plant projects, the 50 MW Kidston Solar Project has achieved Practical Completion around 12 months after energisation.
UQ takes ownership of 64 MW Warwick Solar Farm
The University of Queensland has completed the purchase of the $125 Warwick Solar Farm in the Southern Downs region, making it the largest solar asset in ownership of an Australian university. Lendlease will act as developer on the project.
Queensland kick-starts battery grant and loan scheme
Under the scheme, the state government will offer a combination of grants and interest-free loans for solar and battery storage systems to help 1500 Queensland households and small businesses save money off their energy bills.
Swiss investment manager closes first Australian solar project
SUSI Partners AG has fully acquired and provided financing to construct a 34 MW solar PV plant with storage optionality located in Middlemount, Queensland. The investment firm says it views the Australian market as highly attractive, despite policy uncertainty.
Eco Energy World secures financing for two merchant projects
UK-based renewable energy developer Eco Energy World has reached financial close on two Queensland projects – the 20 MW Chinchila Solar Farm and the 34 MW Brigalow Solar Farm. Combined, the projects constitute nearly $70 million in capex.
