The collapsed engineering firm owes $248 million to creditors but asset sales already underway are not coming close to meeting that figure.
Pumped Hydro
Government steps in to pave way for wind addition to solar and hydro hybrid
Queensland government steps in to give priority to the wind component of Kidston clean energy hub, which will be the first to combine wind, solar and pumped hydro.
Fossil fuel crisis prompts biggest ever switch to renewables and storage in 2022
The fossil-fuel induced energy crisis of 2022 has sparked the biggest ever jump in new construction starts for wind, solar and storage projects.
The new year will be all about grid firming as Australia rejoins race to renewables
We leave 2022 with a new policy clarity and momentum in the shift to renewables. The vital role of energy firming – including from batteries on wheels – is the next frontier.
NSW backs new pumped hydro project promising 12 hours of storage
A pumped hydro project promising 810MW of capacity and energy storage of up to 12 hours has received a funding boost from the NSW state government.
Ratings agency worried about cost blowouts at Snowy pumped hydro and gas projects
Snowy Hydro on negative ratings watch because of likely cost blowouts and delays at its Snowy 2.0 pumped hydro and Kurri Kurri gas projects.
Snowy 2.0 contractor snaps up assets of collapsed partner at bargain price
Snowy 2.0 contractor buys out crippled partner, but questions remain over fate of some other key projects including a transmission link and a gas generator.
Construction begins on WA’s first pumped hydro renewable microgrid
Construction begins on first pumped hydro project that will help form a local microgrid and boost reliability for a township in the south of the state.
Collapse of contractor puts more question marks over giant Snowy 2.0 project
Snowy 2.0 project – already steeped in controversy – faces further question marks after collapse of one of its two main contractors.
Genex resumes work on pumped hydro flagship as billionaire bidder bides his time
Genex says work resumes at Kidston pumped hydro project, but still no news from bidding syndicate led by software billionaire Scott Farquhar.