GNX 0.00% 27.5¢ genex power limited

Ann: GNX Receives Lender Credit Approval for Jemalong and KS1, page-3

  1. 212 Posts.
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    How does this project aim to make money by selling power @ spot into the NEM?! There is no mention of battery tech I have seen at JSP? (correct me if im wrong please) Without battery tech your doing what every other solar site is doing...flooding the market during the day (off peak) with power that is not needed...pushing the price down further. We have already seen the fluctuations in power prices on the east coast..sometimes reaching the negatives. Insane to think they will really on spot sales and LGCs to make this project viable..there is alot of risk exposure here your taking. If the project came with a battery I would understand...generate during the day store and sell at peak times @ inflated spot prices, but this method without a battery I am unsure of. Maybe they can utilize LGC forwards (if they even exist?!??!)
 
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