J-Power to invest in Genex's 250 MW K2 pumped storage hydro project in Queensland
Electric Power Development Co Ltd, known as J-Power, is set to invest through an equity stake acquisition in the 250 MW K2 pumped storage hydro project in Queensland owned by Genex Power.
The companies have signed a new Memorandum of Understanding (MOU) for the sale of indirect equity in the pumped storage hydro project. The deal is through an acquisition of new ordinary shares in Genex or a subscription for new equity shares directly in the project vehicle.
The companies are set to sign a new power purchase agreement (PPA) for the project.
Country updates
-
-
November 28, 2019
Tilt Renewables wins court battle for 300 MW Palmer Wind Farm in Adelaide
Tilt Renewables has been delivered the judgment of the Supreme Court upholding the decision of the Environment, Resources and Development Court (ERD) to approve the Palmer Wind Farm project. The Palm...
Read more -
November 27, 2019
EDL starts the commercial operation of 23 MW Agnew hybrid renewable project in Western Australia
EDL has switched on its 23 MW power station that integrates 4 MW solar photovoltaic with 19 MW gas and diesel generation to power Gold Fields’ Agnew Gold Mine, in Western Australia. The pr...
Read more -
November 26, 2019
Genex Power secures financing packages for Jemalong solar, Kidston Solar One projects
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...
Read more -
November 26, 2019
Neoen to expand Hornsdale Power Reserve in South Australia
Neoen has confirmed the 50% expansion plan of the Tesla Big Battery system located at the site of its 315 MW Hornsdale wind farm in the state of South Australia. The 50 MW/64.5 MWh expansion wil...
Read more -
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...
Read more
