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Solar energy

Project development activities for the Kidston Stage Two Hydro-Solar Project

  • $5.00m

    ARENA Funding

  • $12.82m

    Total Project Value

Project Basics

ARENA Program

Advancing renewables

Lead Organisation

Genex Power Limited

Start Date

Nov 2017

Project Partners

None

Location

Kidston

Status

Current

Summary

The project involves completing the activities required to achieve Financial Close for the Kidston Stage Two Hydro-Solar Project, which will comprise up to 270MW of solar PV and 250MW of pumped hydro. It will build on the existing 50MW solar farm already in operation.

Need

ARENA funding has been provided as the project is an innovative use of existing infrastructure and offers the potential for baseload renewable energy. The funding is being provided in the form of convertible notes for equity in Genex Power Limited.

Benefit

By supporting Genex in its project, ARENA is assisting in creating what could become the first large-scale pumped hydro/solar project in Australia. The benefits go beyond Genex to the broader renewable energy industry, as pumped hydro offers the opportunity to store intermittent generation for dispatch when required.

More information

Contact information

Craig Francis

+61 02 9048 8862

cf@genexpower.com.au