Normal
Genex have done in in Queensland at Kidston but that's a straightforward project in an engineering sense and given the site is a former mine, it's pretty hard for anyone to argue about environmental values.But.....The Kidston project does have some government money tipped in via the backdoor and, main issue, it's only an 8 hour storage. There's a role for that of course, I'm not suggesting otherwise, but it's not the deep storage that's needed to replace gas. Rather, it's an alternative to a big battery basically.One of the projects in SA was borderline financially, it was very on the edge either way. Then someone pointed out the risk of politics and that was it, that was the end of it since it seemed the company board had that "ah yes..... hadn't thought about that" moment and realised the risks they faced weren't limited to physical construction or financial markets but came with another dimension as well.Same's happening with wind and solar. As AEMO have publicly stated, there's a serious lack of new wind being committed as well. Lots of companies looking but they're not getting projects over the line and committing to building them. Same's happening with things like hydrogen.To throw another spanner in the works, the Tasmanian state election. Both Labor and Liberal do back the idea of state-owned Hydro Tasmania developing large scale wind generation within the state, that's a common element to both major parties. Just one problem - neither Labor nor Liberal has actually won a majority so that could get interesting to say the least.Ultimately we're getting very close to the pointy end where it all comes to a head.
Genex have done in in Queensland at Kidston but that's a straightforward project in an engineering sense and given the site is a former mine, it's pretty hard for anyone to argue about environmental values.
But.....
The Kidston project does have some government money tipped in via the backdoor and, main issue, it's only an 8 hour storage. There's a role for that of course, I'm not suggesting otherwise, but it's not the deep storage that's needed to replace gas. Rather, it's an alternative to a big battery basically.
One of the projects in SA was borderline financially, it was very on the edge either way. Then someone pointed out the risk of politics and that was it, that was the end of it since it seemed the company board had that "ah yes..... hadn't thought about that" moment and realised the risks they faced weren't limited to physical construction or financial markets but came with another dimension as well.
Same's happening with wind and solar. As AEMO have publicly stated, there's a serious lack of new wind being committed as well. Lots of companies looking but they're not getting projects over the line and committing to building them. Same's happening with things like hydrogen.
To throw another spanner in the works, the Tasmanian state election. Both Labor and Liberal do back the idea of state-owned Hydro Tasmania developing large scale wind generation within the state, that's a common element to both major parties. Just one problem - neither Labor nor Liberal has actually won a majority so that could get interesting to say the least.
Ultimately we're getting very close to the pointy end where it all comes to a head.
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