Certainly agree that solar without a PPA or firming is becoming vulnerable to the duck curve.
On the other hand:
- low/negative power prices are less prevalent in NSW than, say QLD
- low/negative prices may be common in spring when temperatures are mild, however this is unlikely to extend into summer when higher temperatures will increase daytime power use (air conditioning)
- there's little doubt Genex management are well aware of electricity market reality and have entered into the Jemalong project with their eyes open
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Ann: GNX Receives Lender Credit Approval for Jemalong and KS1, page-12
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