ANNOUNCED AS TEMPORARYNo
On 14 February 2017, the Clean Energy Finance Corporation (CEFC) of Australia announced the allocation of AUD 54 million (USD 41 million) to Genex Power Ltd to finance an innovative large-scale solar development in North Queensland.
The objective of the debt funding is to develop a large-scale solar farm at the company's Kidston Renewable Energy Hub which will later lead to the construction of a pumped hydro storage project.
The solar farm is expected to produce 50 MW of power when finalized.
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