What do you think of CEN?-Net yield at $5.71= 6.83%. Don't know how it compares to GNE, but have been buying in quite a lot lately on the daily lows for the upcoming results and div.
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Well said, to add making batteries is pretty horrible for the environment, got to dig and process the material, then ship it multiple times via bunker oil sucking devices that are not included in any of the carbon agreements.
Pumped storage is a type of battery, but at a fraction of the cost of lithium ion.
Likely to take quite a bit bigger hit, (including top its dividend) from the smelter closure than GNE but it could easily be said that's already been factored into the price.
Be a good bet if there is some resolution to the rumored ongoing negotiations going on behind the scenes.
The sp dropped 1.26c over 4 days 7/7/20 to 10/7/20. The closure notice was on 9/7/20. Unlucky me started buying in 3 days before the announcement and made a big loss on paper. Have bought in more since. Will get a clearer picture on 10/8/20 results. The closure not until next year, so they will still have cash to pay a reduced div hopefully .ps I'm off to a Meet Up first sharetrader social meeting tonight at 5pm. Meet Up Auckland is putting it on.
Yeap, they've had a belting already for sure. On the meet-up thing, some more notice than just a few hours would have been helpful mate.
https://www.nzherald.co.nz/business/...ectid=12352594
Lake Onslow hydro plan expensive and unnecessary.
A proposed multibillion-dollar project to build a pumped hydro storage plant in the South Island could make New Zealand's electricity grid 100 per cent renewable, but expensive new infrastructure may not be the best way to achieve this.
Wouldn't it be cheaper to pump water back up the mighty Waikato & deliver power closer to where its needed?
Excellent article. Thanks for posting. The Lake Onslow project seems to have been dusted off for political expediency. Of course it would make more sense to create new power generation in the North Island.
The current building standards are at least 15 years behind Europe. Warm dry homes would make a big difference.To the quality of people’s lives, as well as saving electricity.
Most of Taupo's vast volume is not usable under the current resource consent, only the top metre or so I think. At the end of a dry period it might have the capacity, but you need to be able to pump back during wet years to build up storage for a dry year.
Edit: The usable part of Taupo's storage is 572GWh, so only a small fraction of Onslow's 5000GWh. I wonder by how many meters you would need to be allowed to lower Taupo to give the same GWh storage as the proposed Onslow scheme?
https://www.transpower.co.nz/system-...ro-information
Back on the topic of smart meters, the open energy monitor project has some interesting kit and software, that would enable you to do real time useage monitoring along with reading the spot market API to get real time pricing.
Approximately 17m more than current if the lake profile was uniform, in reality you could probably do it with 10m if you could submerge Taupo CBD and Turangi. Then you need to get the water from somewhere. In other words, not possible...
You can't repurpose any of the existing hydro systems to achieve what Onslow would. You also can't pump water back up a river. You need a source of constantly available water (either lake or river with constant flow) and you need somewhere separate to pump it to. I agree it is not totally logical from a location point of view, but it ticks nearly every other box from geography (large basin with steep sides) and also in the middle of nowhere so lower NIMBY component. Still some significant environmental issues that would need to be considered though. Totally agree there should be more money spent on energy efficiency initiatives, that is supposedly the best bang for buck. But longer term Onslow is a reasonable proposition if the pricing works out at the current numbers being bandied about.
I think it would be possible, not by raising the level and flooding Taupo, but by lowering the level capability of the existing outflow and channel.
I suspect this could be done, without impacting on Huka falls, or the first dam on the Waikato.
This would have the major advantage of having supply close to demand, and not need an expensive transmission rejig, and vulnerability to outage and line loss (resistance) of cable and lines all the way from the South Island.
Be Much cheaper than Onslow!
Something for the engineers, cost accountants, politicians to seriously consider before committing major capital to Onslow...
Here is the website for open energy monitor, all based in Snowdonia in North Wales
https://openenergymonitor.org/
How did you find out about these guys fastbike? Do you use any of their products?
SNOOPY
might be of interest...
https://www.sharesies.nz/ourblog/202...-energy-sector
Windpower from the article is costed at 90-105 mwh in 2016.
I believe NWF having already paid for the infrastructure is making good profit at $90 mwh with their current contract.
So it depends on what the value a gentailer will pay in the future for their generation.
Clearly windpower knits well with large scale hydrogeneration so I see a good future with long-term increased NI demand .