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GenusPlus Group Ltd (ASX:GNP)

ALERT: Price-sensitive ASX Announcement for GNP
Current share price for GNP : $9.050 3.07 (51.34%)+
Announcement
Release
12 Dec 2025 1:59PM
Price at Release
$5.980
Full Release
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Summary
GenusPlus Group Ltd, as part of the ACCIONA Genus JV, has been awarded a significant contract by AusNet for the construction of the Western Renewables Link project in Victoria, Australia. This project, valued at approximately AUD $1.6 billion, aims to construct a 500 kV double-circuit transmission line spanning 190 kilometers to enhance renewable energy capacity in Victoria. The project, a joint venture with ACCIONA, is pending necessary state and federal approvals and is expected to generate substantial economic benefits, including job creation during construction and long-term advantages for regional communities and the Victorian economy. GenusPlus is committed to executing the project with a focus on energy reliability and community respect.
Key Points
  • GenusPlus Group Ltd awarded contract by AusNet for Western Renewables Link.
  • Joint venture with ACCIONA, sharing 25% of the project.
  • Project valued at AUD $1.6 billion, pending approvals.
  • Construction of a 500 kV double-circuit transmission line over 190 kilometers.
  • Aims to unlock 3,000 MW of new renewable energy generation.
  • Expected to power up to one million Victorian homes.
  • Significant economic and community benefits anticipated.
  • Hundreds of jobs to be created during construction.
  • GenusPlus Group underscores commitment to Australia's energy transition.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.