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Insights and News /

26 June 2018

Baringa supports pumped hydro project in Queensland, Australia

Baringa Partners is delighted to have provided support to Genex as they develop the innovative Kidston solar and pumped-storage project. As market advisor, we have provided long-term revenue projections that help to demonstrate the future profitability of the assets operating in the Queensland region of the National Electricity Market (NEM). Our analysis of both wholesale as well as potential ‘cap contract’ revenues for the pumped storage asset supports the emerging consensus that electricity storage will play a central role in the low carbon transition in Australia.

The expression of support by the Northern Australia Infrastructure Facility (NAIF) through the provision of an indicative term sheet for long-term concessional debt finance represents a major milestone for the project, and we look forward to providing continued support to Genex through the next phase of the financing process.

For further details on the announcement, please click here.

In March 2018, Baringa Partners opened a new office in Sydney Australia, aiming to replicate the success of its UK business which is currently rated the number one management consultancy in energy, utilities and the environment by the Financial Times. The Australian office, headed up by Peter Sherry and Brett Clark, will build on Baringa’s international experience and its position as the largest dedicated energy consulting practice in Europe, and will bring its full advisory capability to the Australian market.