Advertisement

Elon pays up to help keep Queensland’s lights on this summer

Genex has revealed that Elon Musk’s Tesla would pay for the shipping and installation of two battery packs damaged in a fire recently at its Bouldercombe storage project near Rockhampton.

Oct 25, 2023, updated Oct 25, 2023
Elon Musk's Tesla will pay for the shipping and installation of the Genex battery replacements (file photo)

Elon Musk's Tesla will pay for the shipping and installation of the Genex battery replacements (file photo)

The company said the battery was critical in keeping the lights on in Queensland this summer.

It said the root cause analysis of the fire was near completion and operations were expected to restart in coming weeks.

The company also said it was in in discussions over offtake deals for its 450MW Bulli Creek solar farm project, near Millmerran.

The company recently announced Fortescue as an offtake partner, but it said further deals “may allow the initial capacity of the project to be increased up to 775MW to become the largest grid-connection solar farm in Australia”.

Genex chief executive Craig Francis said the Kidston pumped hydro project in north Queensland was also progressing towards completion next year.

“Our operations have outperformed the prior corresponding period results with the Kidston solar project generating 30,224MWh and the Jemalong solar project generating 22,8787MWh of renewable energy,” he said.

“While pricing during the (September quarter) has reflected seasonal daytime volatility, we are confident in the outlook of these two projects ahead of an El Nino summer on the east coast of Australia.

“Our offtake deal with Fortescue at Bulli Creek is an incredibly exciting milestone for our development portfolio.

“We expect to bring the Bouldercombe Battery project back online shortly as we’ve been working through the root cause analysis, which is pending finalisation with our stakeholders following the fire incident in late September.

“This project is critical not only for providing the next step change in Genex’s revenues, but also in keeping the lights on in Queensland over what is expected to be a long, hot summer period.”

 

 

Local News Matters
Advertisement
Copyright © 2024 InQueensland.
All rights reserved.
Privacy Policy