Australia s first pumped hydro project in 37 years reaches financial close energylivenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from energylivenews.com Daily Mail and Mail on Sunday newspapers.
Green light given to construct Queensland pumped hydro plant miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
15 April 2021
One of Australia’s first pumped hydro energy storage projects for several decades is set to commence construction before the end of the month, with project developer Genex announcing it had signed off on the financial contracts need to fund the project.
It means the 250MW/2,000MWh energy storage project, to be built at an old gold mine, is finally ready to go, following several years of development work and battles through delays and uncertainty.
The project is expected to create around 500 jobs in north Queensland, with construction expected to be completed by 2024.
The project will utilise two disused gold mine pits near the central Queensland township of Kidston, providing dispatchable supplies of energy storage, and will be combined with onsite supplies of renewable electricity.
ARENA commits $47 million to Queensland pumped hydro plant miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.