Genex Power in Sydney, Australia | Local service

Genex Power

Locality: Sydney, Australia

Phone: +61 2 9048 8850

Address: Level 6, 28 O'Connell Street 2000 Sydney, NSW, Australia

Website: http://www.genexpower.com.au/

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24.01.2022 $47M ARENA Grant Funding for the Kidston Pumped Storage Hydro Project "The $47M Project Grant is a critical funding source for the project financing which, in combination with the conversion of the existing $9M ARENA Development Funding into a non-recoupable grant, will enable the Project to proceed to financial close and commencement of construction in the coming period." Read the full ASX Announcement here: https://lnkd.in/d-WAQGq... Australian Renewable Energy Agency Queensland Government

23.01.2022 Genex Achieves Energisation of Jemalong Solar Project. "Energisation of the Jemalong Solar Project is a significant milestone for the Company and further demonstrates our ability to deliver on large scale projects." Read the full ASX announcement here: https://cdn-api.markitdigital.com//2924-02320058-2A1269164

23.01.2022 250MW Kidston Pumped Storages Hydro Project - Genex Power Final Investment Decision "Genex is now in a position to close out the remaining workstreams necessary to reach Financial Close of the Kidston Pumped Storage Hydro Project. We highly appreciate the ongoing support of NAIF with its updated Investment Decision to support the Project with a concessional debt facility of up to $610m. This development, alongside the advanced nature of documentation and the other limited outstanding investment approvals, has enabled the Genex Board to make a positive Final Investment Decision to proceed with the Project. The Project delivers a step change in scale for Genex and cements relationships with globally respected energy market leaders." Read the full ASX Announcement here: https://cdn-api.markitdigital.com//2924-02325439-2A1271724

22.01.2022 Genex Power Ltd (ASX: GNX): Developing a Portfolio of Renewable Energy Generation and Storage Projects Across Australia; Interview with Simon Kidston, Executive... Director http://metalsnews.com/t1335149i Genex Power Limited (ASX: GNX) is focused on developing a portfolio of renewable energy generation and storage projects across #Australia. The Company’s flagship Kidston Clean Energy Hub, located in north Queensland, will utilize a former gold mine to integrate large-scale solar generation with pumped storage hydro. We learned from Simon Kidston, Executive Director of Genex Power, that they have an operating 50MW solar farm, which has a revenue contract, with the #Queensland government, providing very stable long-term revenues. Next stage is going to be the 250MW pumped hydro storage project, with potential for further multi-stage wind and solar projects. According to Mr. Kidston, the pump hydro project will commence construction early 2021. #renewableenergy #cleanenergy #investments

16.01.2022 Genex Launches $90M Fully Underwritten Placement & Entitlement Offer as Part of a $115M Equity Raise to Complete Financing of $777M Kidston Pumped Storage Hydro Project. Today’s announcement, securing the balance of funding required to take the Kidston Pumped Storage Hydro Project to financial close, is a significant achievement for the Company. More importantly, to be in a position to finance the Project on a 100% equity basis and retain full ownership and control of the asset is a favourable outcome for Genex and its shareholders." Read the full ASX Announcement here: https://lnkd.in/dh94mnU

06.01.2022 Capital Raise Presentation: https://lnkd.in/dp9bqmN

05.01.2022 An Australian company is looking to build a battery station just outside Rockhampton, to help store the clean energy being produced in our region. The project represents the next phase of our growing renewable energy sector. #WINNews6pm Grattan Institute Genex Power

04.01.2022 Genex Executes Connection Agreement with Powerlink Queensland for Kidston Pumped Storage Hydro Project "Genex is delighted to have executed these agreements with Powerlink to connect the Kidston Pumped Storage Hydro Project to the National Electricity Market. This marks the culmination of a process of close cooperation and deep engagement which commenced four years ago, and which has resulted in an innovative commercial arrangement which will support not only our flagship pum...ped hydro project, but the broader Kidston Clean Energy Hub including the Kidston Stage 3 Wind Project and the Kidston Stage 2 Solar Project." Read the full announcement here: https://lnkd.in/g8fQS-R Powerlink Queensland Queensland Government

02.01.2022 Genex Battery Project Update "The appointment of a preferred battery system supplier now allows us to commence the grid connection process which is on the critical development path for the Project." Read the announcement here: https://lnkd.in/daXZn23