J-Power takes 10% stake in Australian renewables developer Genex

Facebook
Twitter
LinkedIn
Reddit
Email
J-Power also recently announced it is to convert a retired coal plant in the US into a 240MW solar-plus-storage site. Image: J-Power USA

Japanese power company J-Power has acquired a 10% stake in renewables and pumped hydro developer Genex Power through its Australian subsidiary JPGA Partners.

Genex – which has three solar assets in stages ranging from feasibility to operation – has worked with J-Power previously to expand its renewable energy projects, with this based on a technical services agreement to support the construction and operation of the former’s 250MW pumped storage hydro power plant, as well as a development funding agreement for a new 150MW wind power project which is currently at the feasibility study stage.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Genex secured AU$175 million (US$117 million) of debt to finance its 50MW Jemalong solar project in New South Wales and refinance its 50MW Kidston solar plant in North Queensland in late 2019, with these two projects now in production. It also has a 270MW solar site at the feasibility stage.

J-Power is hoping to further expand renewable power generation and pumped hydro projects energy storage projects with Genex across Australia, where the latter is headquartered.

The company recently announced it is to convert a retired coal plant in the US into a 240MW solar-plus-storage facility through its local subsidiary, J-Power USA.

It is set to work with funds managed by Fortress Investment Group to develop a 50MWac capacity solar facility and 190MWac battery energy storage system in Virginia, with construction to begin next year and an operational date of 2023.

The company is targeting the development of 1,500MW or more of renewable power generation capacity by FY2025 compared to FY2017.

24 March 2026
Lisbon, Portugal
Returning for its 14th edition, Large Scale Solar Europe is the essential meeting point for solar leaders across Europe. The event brings together developers, IPPs, investors, and policymakers to address critical challenges and accelerate solar’s pivotal role in achieving Europe’s Net Zero by 2050 goals.

Read Next

September 17, 2025
Spanish IPP Velto Renewables has acquired a portfolio of 53 operational solar assets in Spain with a combined capacity of 260MW.
September 15, 2025
UNSW spin-out company Lab360 Solar has been awarded funding from ARENA to bring its drone-based PV inspection technology to market.
September 15, 2025
Australia has reached 26.8GW of installed rooftop solar at the end of the first half of 2025, according to a report from the Clean Energy Council (CIC).
September 11, 2025
Solar power generation in Central Europe has grown at more than twice the EU average rate since 2019, according to new figures.
September 10, 2025
The CEFC has said that a coordinated approach to transmission in Pilbara, Western Australia, could save more than AU$30 billion over 25 years.
September 9, 2025
Australia's National Electricity Market (NEM) broke records yesterday when renewables supplied 76.4% of total electricity demand, with solar power contributing nearly 60% of the record-breaking clean energy mix.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA