The company has signed a development funding agreement with its prospective JV partner, J-POWER, to earn 50% in the Project through an earn-in arrangement.
Genex and J-POWER, are advancing the early stage of works associated with K3-Wind including modelling the wind resource at a number of sites at the Kidston Clean Energy Hub, and development of the project will be expedited through monitoring, planning and other feasibility workstreams over the next 12-18 months.
It is anticipated that the project will connect into the new 275kV transmission line being constructed by Powerlink Queensland for the K2-Hydro, which is expected to be completed in 2024. The combination of wind, solar and hydro completes the Kidston Clean Energy Hub (a globally unique integration).
