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Genex Power Ltd (ASX:GNX) Quarterly Activities and Cashflow Reports
Quarterly Activities and Cashflow ReportsSydney, April 29, 2021 AEST (ABN Newswire) - Genex Power Limited (
ASX:GNX) is pleased to provide the following update on the Company s activities and performance for the quarter ending 31 March 2021 (Q3 FY2021), a period during which the Company made substantial progress with its Kidston Pumped Storage Hydro Project (K2-Hydro), having successfully raised additional funds to retain 100% ownership of the Project and reached Project Document Contractual Close.
Highlights
K2-Hydro
- Launch of $115 million equity raise, consisting of $90 million fully underwritten placement and rights issue, and an additional $25 million committed investment by J-POWER;
11 January 2021
Australia’s rooftop solar market has defied a challenging 2020 to set a number of new installation records, with the market overcoming disruptions to grow by a massive 39 per cent year-on-year, new analysis from consultancy SunWiz has detailed.
In its latest annual assessment of the rooftop solar market, SunWiz found that the industry had overcome disruptions caused by the Covid-19 pandemic, and some tricky government policy settings, to record almost 3,000MW of new installations throughout 2020, with installation rates increasing as the year progressed.
According to data collected on system registrations, 2020 ended the year with its strongest ever rate of new rooftop solar installations, with virtually every Australian state and territory recording the highest level of new small-scale solar installations in the month of December.