270MW Kidston 2 solar farm receives green light for development

Monica Gameng   |   April 4, 2018

The Etheridge Shire Council has green-lighted the development of the Kidston 2 solar farm (K2-Solar), which will be located approximately 270 kilometres north west of Townsville in North Queensland.

This project by Genex Power will involve the construction of a 270MW solar farm that is going to be co-located with the 250MW Kidston 2 pumped storage hydro project (K2-Hydro).

new-land-new-18-10-17-without-boarderSource: Genex Power

In December 2017, UGL Limited – a CIMIG Group member – was selected as the preferred engineering, procurement and construction (EPC) contractor for K2-Solar.

Genex Power is currently advancing towards closing the EPC contracts with UGL for K2-Solar as well as with the McConnell Dowell – Downer EDI joint venture for K2-Hydro. The two EPC contracts are expected to be finalised by the end of June 2018. The company is also focusing on bringing in financial close for the entire Kidston 2 Hydro-Solar project.

“After several months of detailed market engagement, we are now in negotiations in regards to securing debt funding for our Kidston Stage 2 project with a select group of partners. Genex’s main focus remains on progressing the Kidston Stage 2 projects to financial close in calendar year 2018,” Genex Power Managing Director Michael Addison said.

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Source: PV Magazine, Renewables Now

Monica Gameng
As Felix's Marketing Assistant since 2015, Monica is responsible for researching and sharing new and progressing projects within the construction and mining sectors in Australia. It's no surprise that Monica has her finger on the pulse of Australian major projects given she has produced more than 1,000 posts. She truly is an industry expert.
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