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Project overview
  • Lead Organisation

    Genex Power Limited

    Location

    Kidston, Queensland

    ARENA Program

    Advancing Renewables Program

  • Start Date

    November 2017

    Status

    Past

  • Project Partners
    None
    This renewables project was completed on 30 September 2021.

Summary

The Kidston Stage Two Hydro-Solar Project activities 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.

Key results

The project was successful in achieving its outcomes and Financial Close was achieved in May 2021. Construction on Australia’s first PHES system in 37 years has commenced.

Read more at Kidston Pumped Hydro Energy Storage

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.

Last updated 29 October 2021

ARENAWIRE Blogs

How could pumped hydro energy storage power our future?

Reservoirs of water are poised to play a key role storing renewable energy to bolster the grid.

Renewable energy from abandoned mine site? That's gold

In the early years of the 20th century, Kidston was a classic Australian gold-rush town. Located 280 kilometres from Townsville, its population boomed from zero to more than 1000 people.

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