-
11-09-2020, 07:10 PM
#2821
Problem some holders just want the divvie not interested in hanging about for next one.
-
11-09-2020, 07:45 PM
#2822
Originally Posted by dreamcatcher
Problem some holders just want the divvie not interested in hanging about for next one.
I think that hits the nail on the head.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
-
12-09-2020, 06:57 PM
#2823
What are you general thoughts (everyone) on Labour's pumped hydro scheme and the implications on GNE? I doubt such a scheme would be implemented within the next term of government.
-
12-09-2020, 08:24 PM
#2824
In the immortal words of Gwen Stefani "This **** is bananas, B-A-N-A-N-A-S"
-
12-09-2020, 09:07 PM
#2825
Originally Posted by Dassets
In the immortal words of Gwen Stefani "This **** is bananas, B-A-N-A-N-A-S"
Why?.
It's insurance or is the premium to high.
-
13-09-2020, 08:30 AM
#2826
Originally Posted by Zaphod
What are you general thoughts (everyone) on Labour's pumped hydro scheme and the implications on GNE? I doubt such a scheme would be implemented within the next term of government.
Some good posts on this thread https://www.sharetrader.co.nz/showth...-shares/page37
-
13-09-2020, 11:14 AM
#2827
Well, the biggest scheme in the world only stores 3 gWh. These guys are talking about a 5000 gwh effective battery. Guess they are assuming the weed referendum will pass and they are starting early. Most of the "large" schemes were built decades ago. Hasn't been a rush to built more, any guesses why? It isn't because they are making so much money the owners and funders are all on holiday in the Bahamas.
Next if anyone thinks you are going to get a resource consent dealing with that amount of water go look at all the failed attempts of building a dam. There isn't one generator who thinks they can built a new dam.
Operationally you would probably do less than 200 full discharges a year based on the current largest scheme in the world. Revenue pre costs say $60m. Take off costs eg the energy you use, staff, etc etc. well at a cost of over $4bil you are probably on an ungeared PE of 100x. So who is going to fund this folly?
Basically their numbers are rubbish. Oh well at least the green consultants get $30m in scoping fees
-
13-09-2020, 12:46 PM
#2828
Originally Posted by iceman
Thanks. I've completely overlooked that thread!
-
13-09-2020, 12:53 PM
#2829
Originally Posted by Dassets
Well, the biggest scheme in the world only stores 3 gWh. These guys are talking about a 5000 gwh effective battery. Guess they are assuming the weed referendum will pass and they are starting early. Most of the "large" schemes were built decades ago. Hasn't been a rush to built more, any guesses why? It isn't because they are making so much money the owners and funders are all on holiday in the Bahamas.
Next if anyone thinks you are going to get a resource consent dealing with that amount of water go look at all the failed attempts of building a dam. There isn't one generator who thinks they can built a new dam.
Operationally you would probably do less than 200 full discharges a year based on the current largest scheme in the world. Revenue pre costs say $60m. Take off costs eg the energy you use, staff, etc etc. well at a cost of over $4bil you are probably on an ungeared PE of 100x. So who is going to fund this folly?
Basically their numbers are rubbish. Oh well at least the green consultants get $30m in scoping fees
The RMA will most definitely prove to be a significant hurdle, unless Labour exempt the project from the act. The only way to fund this will be for the tax payer to do so, and thereby absorb the cost overruns and lack of return in order to claim 100% renewable status. I suppose Labour are trying to create their own Think Big era.
It will also no doubt have significant impacts on the profitability of all sectors within the electricity market, leading to lower dividends for the government itself.
Last edited by Zaphod; 13-09-2020 at 12:55 PM.
-
13-09-2020, 05:04 PM
#2830
Member
Originally Posted by Dassets
Well, the biggest scheme in the world only stores 3 gWh. These guys are talking about a 5000 gwh effective battery. Guess they are assuming the weed referendum will pass and they are starting early. Most of the "large" schemes were built decades ago. Hasn't been a rush to built more, any guesses why? It isn't because they are making so much money the owners and funders are all on holiday in the Bahamas.
There are schemes with storage capacity larger than 3 GWh, built quite recently.
The Ingula scheme in South Africa was completed 2017, stores about 21 GWh.
Tags for this Thread
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks