GENEX POWER LIMITED only | Q4 FY22 Investor |
use | Update Presentation |
ersonal |
Approved by the Board of Genex Power Limited
Diverse renewable energy | KIDSTON CLEAN ENERGY HUB |
project portfolio | 50MW Kidston Solar Project (Operating) |
only | 250MW/2000MWh Kidston Pumped Storage |
Hydro Project (Construction) | |
By 2025 our portfolio of | Up to 200MW Kidston Wind Project |
renewable energy and storage | (Development) |
Up to 270MW Kidston Stage 2 Solar Project | |
projects will provide clean | |
(Feasibility) | |
energy to over 350,000 homes | |
use | |
offsetting up to 2mtpa of CO2 | BOULDERCOMBE BATTERY PROJECT (BBP) |
emissions | 50MW/100MWh Large-Scale Battery Energy |
ersonal | Storage System "BESS" (Construction) |
JEMALONG SOLAR PROJECT (JSP) | |
50MW Jemalong Solar Project (Operating)
2
Q4 FY22 Activities Update
Kidston Solar | Jemalong Solar |
50MW | |
50MW | |
only |
K2-Hydro | Bouldercombe |
Battery Project | |
250MW/2000MWh | |
50MW/100MWh Large | |
Scale Battery Energy | |
Storage System |
• Revenue totalled $4.8M1 | • | Revenue generated on a merchant | |
• Generation of 26,334MWh of renewable | basis totalled $3.8M1 | ||
energy for the period | • | Revenue comprised of $3.0M1 from | |
• Average price of $182/MWh for the | electricity sales and $0.8M1 from LGC | ||
sales | |||
use | period2 | ||
• Generation of 17,044MWh of renewable | |||
energy for the period | |||
• | Average bundled price of $209/MWh for | ||
ersonal | |||
the period | |||
- The project remains on schedule and within budget for energisation in H2 FY25
- Key site activities and works undertaken during the period included:
- Completion of ~45% of the Main Access Tunnel;
- Surface blasting for the Wises Dam intake Canal;
- Geo-technicalworks for the Powerlink 186km transmission line to connect the project; and
- Commencement of construction of the Wises Dam, approximately 17% of the 7km embankment completed.
- Detailed design near finalised, onsite construction activities scheduled for Q1 FY23
- Tesla Megapacks due to arrive at the site in Q3 FY23
- Project on track for energisation by end of H2 FY23 and positioned to capitalise on the recent market conditions
Renewable Energy, On Tap | Q4 FY2022 Investor Update |
1. | Revenue figures are on an unaudited basis | 3 |
2. | Average price per MWh doesn't include the sale of LGCs |
Q4 FY22 operational and performance overview
ersonal use only
Q4 FY22 | Q4 FY22 | ||||
Total generation | Revenue of | ||||
43,378MWh | $8.6 million | ||||
Full year FY22 | Full year FY22 |
Total generation | Revenue of |
223,517MWh | $26.1 million |
Q4 FY22
Positive Cash flow from operations
$3.5 million
Full year FY22
Positive Cash flow from operations
$4.0 million
Cash position of
$62.9m
As at 30 June 2022
Full year FY22
Lost time injury = zero Environmental incident = zero
Renewable Energy, On Tap | Q4 FY2022 Investor Update
Revenue figures are on an unaudited basis | 4 |
Energy and LGC pricing - 2021 vs. | Average Black Electricity Regional | |||||||||||||||||||||
2022 | Reference Price (RRP) $/MWh | |||||||||||||||||||||
$600 | ||||||||||||||||||||||
$500 | ||||||||||||||||||||||
• 2022 has seen a rapid increase in black electricity prices in NSW | $400 | |||||||||||||||||||||
$300 | ||||||||||||||||||||||
and QLD caused by: | ||||||||||||||||||||||
$200 | ||||||||||||||||||||||
only | • Increases in international coal and gas prices; and | $100 | ||||||||||||||||||||
$- | ||||||||||||||||||||||
• | Baseload (coal) generators undergoing scheduled and non-scheduled | Oct-21 | Nov-21Dec-21Jan-22Feb-22Mar-22Apr-22May-22Jun-22Jul-22 | |||||||||||||||||||
maintenance. | Qld Average RRP | NSW Average RRP | ||||||||||||||||||||
Source: AEMO data | ||||||||||||||||||||||
• Large Scale Generation Certificate (LGC) prices have increased | LGC Price | |||||||||||||||||||||
from ~$41.00 in Sept 2021 to ~$50.75 in July 2022 | $52 | |||||||||||||||||||||
use | • LGCs are generated for every MWh produced, forming an additional | $50 | ||||||||||||||||||||
revenue source for renewable energy generators | $48 | |||||||||||||||||||||
• Both KS1 and JSP have been significant beneficiaries of this | $46 | |||||||||||||||||||||
$44 | ||||||||||||||||||||||
increase in pricing | ||||||||||||||||||||||
ersonal | $42 | |||||||||||||||||||||
$40 | ||||||||||||||||||||||
Oct-21 | Nov-21Dec-21Jan-22Feb-22Mar-22Apr-22May-22Jun-22Jul-22 | |||||||||||||||||||||
Source: Genex sourced figures | ||||||||||||||||||||||
Renewable Energy, On Tap | Q4 FY2022 Investor Update | 5 | |||||||||||||||||||||
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Genex Power Ltd. published this content on 25 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 July 2022 22:48:01 UTC.
