Anyone can pay a massive dividend funded by other imbeciles.
The only thing that matters is long term sustainable earnings in relation to the CAPITAL required to produce them.
The energy inputs to get output from these sources are MASSIVE.
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What I mean is that Dividends are irrelevant unless they are paid out from sustainable earnings and that they have to be in relation to the capital provided.
Very often the dividend isn't paid out of sustainable earnings, it's paid from raising more debt or equity capital - thus funded by other fools.
Now even if the dividend is paid from earnings... if 'other imbeciles' invest a billion dollars into capital that then provides a 20 million dollar dividend to you - your dividend is essentially funded by them. Dividends men nothing without the context of how they are paid.
The energy you have to put into the 'renewable' sources are phenomenal.
Spend the day researching the manufacturer of a wind turbine, then the transportation and the installation, then the maintenance. All fossil fuel intensive.
First you must mine all the base materials for the steel and transport it to the sea, then to China where you must smelt it with Coal, also mined and shipped, (various other metals too) then the epoxy and other chemicals for the blades, the copper for the motor, many parts air freighted all over the show. Then transport the steel elsewhere to be fabricated into the windmill, then get it all to NZ, then up the mountain and then make a **** load of concrete, again all mined and transported all over the show, the dig massive holes with big diesel equipment.
Missing thousands of steps here - but get the picture.
This is getting way off topic. The point I was making is that you need renewable energy to make green hydrogen. And New Zealand is in a good position to increase renewable energy production, and some of that could go towards producing green hydrogen. Therefore you can look at the NZ gentailers as 'growth stories' that should not just be invested in purely as a 'bond substitute'.
You seem to be making the argument that hydrogen fuel cell vehicles are impractical to implement, and so the whole green hydrogen thing is a 'greenie fantasy'.
You do not seem to know that hydrogen fuel cell trucks are already available in New Zealand
https://www.hyundai.co.nz/trucks/xcient/fuel-cell
And that they are on the road here in NZ right now
https://www.hyundai.co.nz/nz-post-fi...-powered-truck
SNOOPY
From Air Liquide
"A volume of around 11 m3 (which is the volume of the trunk of a large utility or commercial vehicle) is needed to store just 1 kg of hydrogen, which is the quantity needed to drive 100 km. For this reason, its density must be increased using one of the following techniques:
High-pressure storage in the gaseous form
Very low temperature storage in the liquid form
Hydride-based storage in the solid form"
Hydrogen can be compressed, it doesn't have to be liquified. 11 Cubic metres is the uncompressed volume.