Construction of the 2 GWh Kidston pumped storage hydro project being developed in northern Queensland has reached a key milestone with the successful installation of the initial spiral case in the underground powerhouse.
Japanese energy utility J-Power’s proposed acquisition of Australian renewables and pumped hydro developer Genex Power has received Foreign Investment Review Board approval.
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.
Genex Power has energised its 50 MW/100 MWh Bouldercombe Battery Project on Queensland’s central coast, saying the storage system will be operational before summer.
The first big battery to stand alone without government support, Bouldercombe Battery Project capitalises on Genex Power’s experience gained on the road to Kidston Clean Energy Hub.
Construction is set to commence on the 250 MW Kidston Pumped Hydro Storage Project later this month after developer Genex Power announced it had secured all the financing required to progress the $775 million project.
Queensland-based community group Solar Citizens has described as long overdue reports the State Government is considering a new pumped hydro facility near Gympie which would generate renewable energy to service the burgeoning Sunshine Coast region.
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