Genex has been approved up to $47 million in funding by the Australian Renewable Energy Agency (ARENA) to build the Kidston Stage 2 Pumped Hydro Energy Storage project. This new pumped hydro facility will be co-located with the existing 50MW solar farm.
This $777 million project will be the first pumped hydro plant built in Australia since 1984 and will be the first used to support the integration of renewable energy generation from solar and wind.
The project is a 250MW/2,000MWh PHES – which is equivalent to eight hours of energy storage and will be located at the former Kidston Gold Mine at the Kidston Clean Energy Hub in North Queensland.
EnergyAustralia is to be the project offtake partner for a period of up to 30 years. A joint venture of John Holland and McDonnell Dowell is the engineering, procurement and construction contractor.
A 187km transmission line, supported by the Queensland Government and Genex, will be required to connect the Kidston Renewable Energy Hub to the NEM. This transmission line is also expected to facilitate the connection of further renewable generation projects in the region.
Construction is expected to be completed by 2024. The project is expected to generate 500 construction jobs and a further 20 ongoing operation roles.
ARENA previously provided $8.9 million towards Genex’s 50MW Kidston Solar Project in 2016. ARENA also already provided funding for feasibility and development totalling $9 million towards the pumped hydro portion of the project.
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