https://energy.nsw.gov.au/government-and-regulation/electricity-i...

https://energy.nsw.gov.au/government-and-regulation/electricity-infrastructure-roadmap

The New South Wales state government has today released its electricity infrastructure roadmap. The roadmap cites the withdrawal of four key coal-fired power stations in the state over the next 15 years, including Liddell (2023), Vales Point (2029), Eraring (2032), and Bayswater (2035). Together, these power stations produce around 75% of the state's electricity, and represent a huge ($32 billion) opportunity for renewable energy developers such as Genex, as well as transmission operators.

The plan cites the requirement for around 12,000 MW of renewable energy, and an additional 3,000 MW of pumped hydro over and above the Snowy 2.0 project.

"The NSW Government worked with the AustralianNational University to provide mapping analysiswhich showed that NSW has widespreadopportunities for pumped hydro development.The analysis identified 20,000 reservoirs thatcould be used for possible schemes. TheAustralian Energy Market Operator (AEMO) hasprojected that NSW will need nearly 2.3 gigawatts(GW) of energy storage to maintain systemsecurity and reliability in addition to Snowy 2.0."

Genex, once it closes and constructs Kidston PH, will be in a prime position to be a developer of the next pumped hydro project given its recent experience. In addition, as an Australian RE developer (not many of those left!), there is an opportunity for Genex to also deliver more solar and wind projects in NSW if they play their cards right.

I'm very bullish on renewable energy and transmission infrastructure in Australia, as well as companies already with a foot in the door such as Genex.