GNE - Genesis Energy

[dreamcatcher]

Problem some holders just want the divvie not interested in hanging about for next one.

[Beagle]

Problem some holders just want the divvie not interested in hanging about for next one.

I think that hits the nail on the head.

[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.

[Dassets]

In the immortal words of Gwen Stefani "This **** is bananas, B-A-N-A-N-A-S"

[clearasmud]

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.

[iceman]

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

[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

[Zaphod]

Some good posts on this thread https://www.sharetrader.co.nz/showth...-shares/page37

Thanks. I've completely overlooked that thread!

[Zaphod]

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.

[turnip]

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.