The company has commenced a feasibility study for the proposed large-scale solar photovoltaics project, with AECOM appointed as feasibility manager.
The solar project will be located adjacent to Genex’s proposed 330MW Kidston pumped storage project that includes the construction of a new 275kV transmission line.
To be located in the highest solar radiation region of Australia, the solar project is anticipated to have annual capacity factor of around 26-27%, with 99% of the energy being produced during higher
power demand periods.
Built on top of the existing Kidston mine tailings storage facility, the project will use fixed-angle solar panels.
Genex Power managing director Michael Addison said: "Whilst our Kidston pumped storage project remains our principal focus, the tailings storage facility at the Kidston site presents itself as an obvious and ideal solar generation platform.
"Developing the Kidston Solar Project is a natural next step for the Company as we seek to leverage our existing physical and intangible assets and recognise the potential of the Kidston site as a large-scale energy hub co-location.
"Our solar initiative will be pursued in conjunction with solar PV funding initiatives currently being promoted in the market and in parallel with power purchase agreement discussions with electricity retailers and end users."
Upon completion, the Kidston solar project is said to become the country’s largest of its type.
Image: The solar project will be located adjacent to Genex’s proposed 330MW Kidston pumped storage project. Photo: courtesy of Genex Power.
