Australian renewable energy developer, Sunshine Hydro, is exploring the potential sale of a 20% stake in its flagship project in Queensland, featuring a 600-MW pumped hydro storage facility and a 300-MW green hydrogen plant. The company has signed a share option for the contemplated sale with stakeholders of the multi-billion-dollar project, First Nations Greentime Energy Group, according to a LinkedIn post by Sunshine Hydro.
The project, known as Djandori Gung-i (Spirit in the Water) Superhybrid clean energy project, is located in Miriam Vale, Gladstone region, Queensland. The complex is designed to include a pumped hydro storage station, electrolysers for producing 600 tonnes of green methanol from hydrogen, and liquefaction facilities. The entire site will be powered by electricity generated from a 1.8-GW fleet of wind and solar parks across the state.
First Nations Greentime Energy Group, established by Tony and Ashley Martens, founders of Australian Training Works Group, has entered into discussions for the potential stake acquisition. Djandori Gung-i, formerly known as the Flavian project, was unveiled by Sunshine Hydro in May 2022 in partnership with domestic advisory firm Energy Estate. The superhybrid complex is targeted to be operational in 2028, with a final investment decision anticipated in 2025.
