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Ann: Industrial Minerals and Renewable Green Hydrogen Acquisition, page-23

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gbgirl

5,417 Posts.

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17/02/21

10:54

Post #: 51068120
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Originally posted by ozmacca ↑

Yeah indeed. They have $ signs in their eyes.
Buying a wind/solar site at development stage means bugger all, 9/10 of these things sit undeveloped for a looong time in this country.
For a park at the scale you need for (high) commercial hydrogen production you're talking $500m+. However, the renewable energy generation price needed to make hydrogen feasible is incredibly low. So... the massive capital investment isn't getting the value for the renewables it produces, hence the project isn't feasible. There's a reason why there's no commercial scale hydrogen produced in this country, despite a bunch of announcements from others in this space (e.g. the 10GW Pilbara project). They're pie in the sky.
In saying that, i wish the best for holders. I've been in a while and got out this morning as i fear that although i love the direction the Co is taking, I don't see it in any way leading to feasible projects

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lol you forgot to say only in your honest opinion no ?

PRL Price at posting: 7.7¢ Sentiment: Buy Disclosure: Held
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