Australia's Genex Power is scheduled to reach full financial close on its Kidston Stage 2 Pumped Storage Hydro Project (K2-Hydro) before 30 September, after the Northern Australia Infrastructure Facility granted AUD610m (US$426 million) in debt funding. K2-Hydro will combine wind and solar, while utilising a disused gold mine for a closed-circuit pumped hydro system able to provide 250 MW/2 GWh of what the Smart Energy Council called "dispatchable, stored, renewable energy" for the far north of Queensland.
Australia's Genex Power is scheduled to reach full financial close on its Kidston Stage 2 Pumped Storage Hydro Project (K2-Hydro) before 30 September, after the Northern Australia Infrastructure Facility granted AUD610m ($426m) in debt funding. K2-Hydro will combine wind and solar, while utilising a disused gold mine for a closed-circuit pumped hydro system able to provide 250 MW/2 GWh of what the Smart Energy Council called "dispatchable, stored, renewable energy" for the far north of Queensland.