The Kidston Stage Three Wind Project is a proposed 258 megawatt wind farm to be located in Kidston, Far-North Queensland.
The project site is near the Kidston Pumped Hydro Project, and will form part of the Kidston Clean Energy Hub. This will enable the wind project to leverage existing infrastructure and co-location advantages, including sharing a connection into the new 275 kilovolt transmission line being constructed by Powerlink Queensland for the K2-Hydro project.
Financing
|
Genex has signed a development funding agreement with its prospective JV partner, J-POWER, to earn 50% in the Project through an earn-in arrangement. |
Procurement
| Procuring Agency: | Genex and J-Power |
| Related contracts: |
PROJECT HISTORY
| Oct 2023 | Genex has secured a 10-year power purchase agreement for 30 per cent of the output of the wind project with EnergyAustralia. The agreed price is subject to annual escalation based on changes in the consumer price index, with an annual cap. A condition precedent for the new deal is the financial close of the project, which is expected to be achieved by December 31, 2024. |
| Dec 2023 | Genex secured a 15-year power purchase agreement for 50 per cent of the output of the wind project with Queensland Government-owned Stanwell Corporation. The agreed price is subject to annual escalation based on changes in the consumer price index, with an annual cap. A conditional precedent for the new deal is the financial close of the project, which was expected to be achieved by the end of 2024. |
| Feb 2024 | The Environmental Protection and Biodiversity Conservation referral was submitted. |
Sector
Energy
Procurement approach
Unconfirmed |
Location
Queensland |
Resources
