Genex Power Ltd. (AU:GNX) has released an update.
Genex Power Ltd. reports a productive quarter with a total generation of 51,987MWh from its solar and battery projects, yielding a revenue of $7.2M and marking a strong performance, particularly from the Bouldercombe Battery Project. The company also completed significant refinancing initiatives, securing a new $162M senior facility and drawing down an additional $10M from J-POWER. Following shareholder and Supreme Court approval, Genex is set to be acquired by J-POWER Nominee and will delist from the ASX on 1st August 2024.
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