Genex Kidston Solar Project

Genex Power Limited is a leading Australian developer of utility scale solar farms and energy projects focused on the generation and storage of renewable energy. Genex is currently developing a renewable energy hub in north Queensland. The first stage of the project is the 50MW solar farm with the power generated being supplied directly into the National Electricity Market (Kidston Solar Project Stage 1). Fulcrum3D supplied a resource monitoring station for the initial solar farm resource assessment. This station was fully equipped with autonomous power supply, robust remote communications and solar specific instrumentation. Being a local Australian organisation, Fulcrum3D’s team was able to undertake the installation, commissioning and maintenance of systems and provide ongoing support and expertise on the ground. Accurate solar power measurement and data delivery is essential for assessing, financing and operating solar energy projects. Accurate ground-based solar monitoring reduces the uncertainty that is inherent in satellite data and computer models, this: - Improves financing by improving the accuracy in yield calculations; and - Reduces risk to equity, particularly in highly geared projects. Genex was able to view the performance of solar monitoring in real time via FlightDECK – Fulcrum3D’s secure server and visualisation system. They were able to provide enough certainty of solar generation yields to secure approximately $100 million in debt funding with SociétéGénérale (Soc Gen) and the Clean Energy Finance Corporation (CEFC).