{"id":27062,"date":"2019-01-11T06:08:45","date_gmt":"2019-01-10T19:38:45","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=27062"},"modified":"2019-01-11T06:08:45","modified_gmt":"2019-01-10T19:38:45","slug":"kidston-solar-energy-generation-mb0895","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/kidston-solar-energy-generation-mb0895\/","title":{"rendered":"Kidston Cranking A Heap Of Solar Electricity Goodness – And Cash"},"content":{"rendered":"
\"Kidston<\/a>

KS1 after completion | Image: Genex Power<\/p><\/div>\n

Genex Power has released a revenue update for its 50MW Kidston Solar Project (KS1) in North Queensland, along with some energy generation statistics.<\/p>\n

Located 270 kilometres north-west of Townsville and built on the\u00a0 tailings storage facility of the closed Kidston Gold Mine, KS1 boasts 540,000 solar panels mounted on single axis trackers.<\/p>\n

\"Kidston<\/a>

How the KS1 site looked in April 2017<\/a><\/p><\/div>\n

The project, which cost $115M, was supported by an $8.9M funding grant from the Australian Renewable Energy Agency (ARENA). It reached practical completion in December 2018 but has been exporting to the grid since late 2017; gradually ramping up output since that time.<\/p>\n

According to Genex Power, the solar farm generated 35,755 megawatt-hours of electricity in the December quarter, to bring its cumulative total to that point to 123,484 megawatt hours. The project was predicted to generate 145GWh (145,000MWh) of electricity per year – enough to power the equivalent of 26,484 Australian homes – but bear in mind the ramping up stage, which has only just completed.<\/p>\n

Genex reports revenue for the quarter was $3,146,420, with cumulative revenue reaching $14,906,773. The company notes<\/a> total revenue is comprised of energy and Large-scale Generation Certificate (LGC) sales up to and including 30 July 2018, after which LGC revenue reverted to the Queensland Government1<\/a><\/sup>.<\/p>\n

A 20-year Revenue Support Deed with the Queensland Government commenced on 31 July 2018, which guarantees Genex revenue for the next 20 years – the arrangement is a bit like a power purchase agreement (PPA). During the commissioning phase, revenue from electricity was derived from selling into the spot market. Based on the figures provided, it looks like Genex is averaging around $88 per megawatt hour since the QLD government deal came into effect – but that’s just a guess. As this electricity is being produced during daylight hours, it’s helping to rein in wholesale prices that can skyrocket in the early afternoon; particularly over summer.<\/p>\n

Genex’s 770MW Renewables Pipeline<\/h2>\n

Genex Power has a project pipeline of up to 770MW of renewable energy generation and storage – the biggest being the Kidston Renewable Energy Hub in far-north Queensland, which is comprised of several elements.<\/p>\n

The Kidston Hub consists of KS1, a 250MW Pumped Storage Hydro Project<\/a> (K2-Hydro), another solar energy project of up to 270MW<\/a> (K2-Solar – 3 million solar panels<\/a>!) and the 150MW Kidston Stage 3 Wind Project<\/a>, which is currently at the feasibility stage. ARENA will be contributing up to $9 million in funding to support the development of the stage 2 projects.<\/p>\n

Genex Power has also acquired the 50MW Jemalong Solar Project<\/a>, which is located close to Forbes in New South Wales and is currently under development. The company anticipates reaching financial close on Jemalong in the first half of this year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Genex Power has released a revenue update for its 50MW Kidston Solar Project (KS1) in North Queensland, along with some energy generation statistics.<\/p>\n","protected":false},"author":17,"featured_media":27064,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[678],"tags":[],"class_list":["post-27062","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"\nKidston Cranking A Heap Of Solar Electricity Goodness - And Cash<\/title>\n<meta name=\"description\" content=\"Genex Power has released a revenue update for its 50MW Kidston Solar Project (KS1) in North Queensland, along with some energy generation statistics.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.solarquotes.com.au\/blog\/kidston-solar-energy-generation-mb0895\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kidston Cranking A Heap Of Solar Electricity Goodness - And Cash\" \/>\n<meta property=\"og:description\" content=\"Genex Power has released a revenue update for its 50MW Kidston Solar Project (KS1) in North Queensland, along with some energy generation statistics.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.solarquotes.com.au\/blog\/kidston-solar-energy-generation-mb0895\/\" \/>\n<meta property=\"og:site_name\" content=\"SolarQuotes Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SolarQuotes\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-10T19:38:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/01\/kidston-solar-power.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"467\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Michael Bloch\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@solar_quotes\" \/>\n<meta name=\"twitter:site\" content=\"@solar_quotes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/kidston-solar-energy-generation-mb0895\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/kidston-solar-energy-generation-mb0895\/\"},\"author\":{\"name\":\"Michael Bloch\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#\/schema\/person\/66afd571aa00c2e442f0192ebac2f6f1\"},\"headline\":\"Kidston Cranking A Heap Of Solar Electricity Goodness – And Cash\",\"datePublished\":\"2019-01-10T19:38:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/kidston-solar-energy-generation-mb0895\/\"},\"wordCount\":507,\"commentCount\":1,\"publisher\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/kidston-solar-energy-generation-mb0895\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/01\/kidston-solar-power.jpg\",\"articleSection\":[\"General Solar & Storage News\"],\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.solarquotes.com.au\/blog\/kidston-solar-energy-generation-mb0895\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/kidston-solar-energy-generation-mb0895\/\",\"url\":\"https:\/\/www.solarquotes.com.au\/blog\/kidston-solar-energy-generation-mb0895\/\",\"name\":\"Kidston Cranking A Heap Of Solar Electricity Goodness - 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The battery will be fully operational later this year. \u201cBig Bessie\u201d (BESS stands for Battery Energy Storage System) comprises 40 Tesla Megapack 2.0\u2026","rel":"","context":"In "Battery Storage"","block_context":{"text":"Battery Storage","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/battery-storage\/"},"img":{"alt_text":"bessie the battery","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/07\/bessie-battery.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/07\/bessie-battery.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/07\/bessie-battery.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/07\/bessie-battery.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/07\/bessie-battery.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":53111,"url":"https:\/\/www.solarquotes.com.au\/blog\/solar-bhp-nickel-mb2121\/","url_meta":{"origin":27062,"position":3},"title":"BHP Boosts Offtake From Merredin Solar Farm","author":"Michael Bloch","date":"August 18, 2021","format":false,"excerpt":"A solar power purchase agreement (PPA) between Risen Energy and BHP has been expanded for BHP's Nickel West operations. The 132 MW (dc) Merredin Solar Farm is situated approximately 260 kilometres east of Perth in Western Australia\u2019s Central Wheatbelt region. Featuring 354,452 Risen Energy solar panels, it has an estimated\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Merredin Solar Farm","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/08\/merredin-solar-farm.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/08\/merredin-solar-farm.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/08\/merredin-solar-farm.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/08\/merredin-solar-farm.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/08\/merredin-solar-farm.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":53076,"url":"https:\/\/www.solarquotes.com.au\/blog\/lg-energy-nickel-cobalt-mb2119\/","url_meta":{"origin":27062,"position":4},"title":"LG Energy Solution Inks Major Australian Battery Metals Deal","author":"Michael Bloch","date":"August 17, 2021","format":false,"excerpt":"South Korean EV battery manufacturer LG Energy Solution is to take all the nickel and cobalt from Australian Mines' proposed Sconi Project based in Queensland. Under the six-year supply deal that commences from the end of 2024, LG Energy Solution has dibs on 71,000 tonnes of nickel and 7,000 tonnes\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"LG Energy Solution and Australian Mines Ltd","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/08\/lg-nickel-cobalt.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/08\/lg-nickel-cobalt.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/08\/lg-nickel-cobalt.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/08\/lg-nickel-cobalt.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/08\/lg-nickel-cobalt.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":10616,"url":"https:\/\/www.solarquotes.com.au\/blog\/townsville-battery-plant-mb0006\/","url_meta":{"origin":27062,"position":5},"title":"Massive Battery Plant Could Bring Jobs Boom To Townsville","author":"Michael Bloch","date":"April 24, 2017","format":false,"excerpt":"A consortium has inked an agreement with Queensland's Townsville City Council to investigate the viability of constructing of a huge battery manufacturing facility capable of churning out one million home batteries annually. The Boston Energy and Innovation (BEI) led consortium signed an exclusive Memorandum of Understanding with Council last week.\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Energy storage manufacturing in Townsville","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/04\/townsville-battery-manufacturing.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/04\/townsville-battery-manufacturing.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/04\/townsville-battery-manufacturing.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/27062","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=27062"}],"version-history":[{"count":2,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/27062\/revisions"}],"predecessor-version":[{"id":27066,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/27062\/revisions\/27066"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/27064"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=27062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=27062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=27062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}