Genex Power Ltd has secured approval for the AUD 175 million (US$ 118.9 million) debt financing for its 50 MW Jemalong solar project in New South Wales and the debt refinancing for its 50 MW Kidston Renewable Energy Hub Stage 1 in Queensland.
The financial package will be sourced from a group of three banks, including DZ BANK, NORD/LB and Westpac Banking Corp.
The 50 MW KS1 plant in Kidston, North Queensland has been in operation since 2018 while the Jemalong solar project will be commissioned in 2020.
Final documentation is needed for the credit approval for the projects.
Country updates
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November 18, 2019
Iberdrola to develop 320 MW wind and solar hybrid project in South Australia
Iberdrola has announced its first project in the Asia-Pacific — a 320 MW hybrid solar and wind plant to be constructed in South Australia whose investment will amount to about AUD500 million (US...
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November 13, 2019
Darling Downs Solar farm officially opened
One of Australia’s largest solar farms, APA Group’s Darling Downs Solar Farm, has been officially opened by Queensland Minister for Natural Resources, Mines and Energy the Honourable Dr An...
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November 13, 2019
60.2 MW Kennedy Energy Park in North Queensland faces delay
Windlab has announced further delays on its energy park in north Queensland after its EPC contractor failed to secure a fully functioning connection agreement. The Kennedy Energy Park, Australia&rsqu...
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November 07, 2019
Risen completes the construction of 100 MW Yarranlea solar project in Toowoomba
Risen Energy Australia has completed the development of 100 MW Yarranlea solar project located Toowoomba, in the Darling Downs region, Queensland. The project is expected to be commissioned in e...
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November 06, 2019
RES secures approval for Twin Creek Wind Farm, energy storage project in Adelaide
Renewable Energy System (RES Group) has secured planning permission for the 51 turbines Twin Creek Wind Farm and battery storage facility, 90 km to the north of Adelaide in South Australia. ...
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