Western Sahara genex power company limited

What is Genex Power Limited?

Genex Power Limited is a company with a portfolio of more than $1 billion of renewable energy generation and storage projects in Australia. The Company is known for its flagship Kidston Clean Energy Hub, located in north Queensland, which integrates large-scale solar generation with pumped storage hydro.

Does Genex power own a solar project?

The firm owns the Kidston Solar Project which has been generating up to 50 MW of electricity since 2017, as well as the Jemalong Solar Project. It is developing the associated Kidston Pumped Hydro storage using the abandoned Kidston Gold Mine. Genex Power also operates the Bouldercombe 50MW/100MWh battery, located near Rockhampton.

Who is J-Power & Genex power?

Based in regional NSW, she is passionate about Australia’s commitment to clean energy solutions. Japanese utility giant Electric Power Development Company, known as J-Power, has acquired Sydney-headquartered renewables energy and storage developer Genex Power with a $381 million deal backed by its shareholders.

Where is Genex power located?

Genex Power also operates the Bouldercombe 50MW/100MWh battery, located near Rockhampton. The company is has also proposing to expand the solar farm and adding a wind farm in the same area, as well as a solar farm and battery at Bulli Creek, Queensland.

What is a transaction implementation deed with Genex?

Today, J-POWER entered into a transaction implementation deed with Genex, which sets out the terms of the agreement for the share acquisition. The implementation of the SOA requires the approval of Genex’s shareholders at a general meeting for the acceptance of the share acquisition and the approval of an Australian court, among other requirements.