Takeover target Genex Power has bought a massive battery storage plus solar project in Queensland, and plans to kick off the first stage of development with a 400MW, four hour battery – one of the biggest proposed in Australia. The deal to purchase the 2GW Bulli Creek development from Solar Choice comes a week after […]
Genex Power secures funding for Australia’s first pumped hydro project in 40 years
Australia’s renewable energy agency will give A$47 million in grant, while government-owned green bank the Clean Energy Finance Corp will provide a further A$3 million of subordinated debt funding Genex Power said on Thursday it had secured all funding needed for what will be Australia’s first new pumped hydro project on the grid in about […]
Australia’s Genex Power secures funding for two solar projects
Australian power generation company Genex Power on Thursday said it received credit approval to fund two of its solar projects in the country. The A$175 million ($118.97 million) debt facility will be used to fund the construction of its 50 megawatt (MW) Jemalong Solar Project (JSP) in the state of New South Wales and to […]
Genex Power gets funding from J-Power for renewable energy project
The Kidston pumped hydro project is a 250 MW power generation project proposed by Genex, which is looking to complete construction by 2022 New Delhi: Australia’s Genex Power on Thursday said Japan’s J-Power will invest up to A$25 million ($17.4 million) in the company to fund the construction of a key pumped storage hydro project […]