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GenusPlus Secures $65 Million Contract for Merredin BESS Project

Story Highlights
  • GenusPlus will design and construct the Merredin BESS and Substation in Western Australia.
  • The $65 million project enhances GenusPlus’s presence in the renewable energy sector.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
GenusPlus Secures $65 Million Contract for Merredin BESS Project

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GenusPlus Group Ltd. ( (AU:GNP) ) just unveiled an update.

GenusPlus Group Ltd has secured a contract with Atmos Renewables to design and construct the Merredin Battery Energy Storage System and Substation in Western Australia. The project, valued at approximately $65 million, will enhance the security of supply in the Western Australian Electricity Market and is expected to be completed by early 2027. This contract strengthens GenusPlus’s presence in the renewable energy sector and underscores its strong customer relationships and reputation for reliable delivery.

The most recent analyst rating on (AU:GNP) stock is a Buy with a A$2.70 price target. To see the full list of analyst forecasts on GenusPlus Group Ltd. stock, see the AU:GNP Stock Forecast page.

More about GenusPlus Group Ltd.

GenusPlus Group Ltd is a specialist provider of power and communications infrastructure and services across Australia. The company designs, builds, and maintains electrical transmission and distribution networks, substations, and battery systems, enabling the integration of new generation technology into traditional networks to support a carbon-neutral economy. GenusPlus also delivers integrated communication network solutions, including network design and infrastructure management.

Average Trading Volume: 238,376

Technical Sentiment Signal: Buy

Current Market Cap: A$600M

For a thorough assessment of GNP stock, go to TipRanks’ Stock Analysis page.

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