Image Sourced Genex Power Limited
Market Herald logo


Be the first with the news that moves the market

Genex Power has entered a binding connection agreement with Essential Energy for the 50MW Jemalong Solar Project located in NSW.

The connection will be located at the existing West Jemalong 66/11kV Zone Substation which will minimise construction costs and time.

This project aims to generate 125,600 MWh/yr which will power approximately 23,000 homes.

Genex Power focuses on clean energy generation and electricity storage solutions to make for a greener and more energy efficient country.

The execution of this agreement means the project is now classified as a committed generator with its position secured on the National Electricity Market.

This position enables the company to focus its attention on remaining activities such as engineering, construction discussions and completing the 50MW Kidston Solar Project.

Kidston is expected to produce 145GWh of renewable electricity per year which is equivalent to powering 26,484 homes and offsetting 120,000 tonnes of carbon dioxide per year.

CEO of Genex James Harding is happy with this milestone.

“In a short amount of time we have already established an excellent relationship with Essential Energy and look forward to working together over the coming weeks and months,” he said.

Please find the announcement attached

GNX by the numbers
More From The Market Herald
Security Matters (ASX:SMX) - CEO, Haggai Alon

" Security Matters (ASX:SMX) increases customer receipts in Q3

Security Matters (SMX) has delivered a recap of its quarterly activities during the three months ending September 30 2021.
The Market Herald Video

" Identitii (ASX:ID8) raises $6m to pursue growth initiatives

Software firm Identitii (ID8) has raised $6 million in a placement to institutional investors as it looks to accelerate a number of current
Silex Systems (ASX:SLX) - Managing Director & CEO, Michael Goldsworthy

" Silex Systems (ASX:SLX) completes $7m capital raise

Technology researcher and developer Silex Systems (SLX) has completed a share purchase plan (SPP) to raise $7 million.

" Sparc Technologies (ASX:SPN) and University of Adelaide to form hydrogen JV

Sparc Technologies (SPN) and the University of Adelaide (UoA) are set to form a joint venture hydrogen technology company.