An announcement from GenusPlus Group Ltd. ( ($AU:GNP) ) is now available.
GenusPlus Group Ltd has secured a significant contract with Western Power for the Clean Energy Link – North Region project, valued at approximately $270 million. This project aims to strengthen Western Australia’s electricity network to facilitate a greater supply of renewable energy, supporting the state’s decarbonization goals. The contract involves the construction of new terminals and upgrading existing infrastructure, with work starting in January 2025 and expected to complete by mid-2027. This development solidifies GenusPlus’s position as a key partner in Western Australia’s transition to a clean energy future.
More about GenusPlus Group Ltd.
GenusPlus Group Ltd is a specialist power and communications infrastructure and services provider operating across Australia. The company designs, builds, and maintains electrical transmission and distribution networks, substations, and battery systems. It supports the integration of new generation technology into traditional networks and delivers scalable communication network solutions.
YTD Price Performance: -3.44%
Average Trading Volume: 248,165
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$455.9M
For a thorough assessment of GNP stock, go to TipRanks’ Stock Analysis page.
