Ann: K2H - Construction recommenced on MAT excavation works, page-13

Good post by David Dixon on linkedin about the state of the renewables market 20% more generation than Nov21 and CF factors (two wind farms over 45% CF and another at 44.3%, top 10 WF all over 40%) ... but I will include a nice portion here about storage from it.

"On the East coast, the signals are flashing go for storage, but we’re yet to see the build out. The charging from pumped hydro and battery storage will be over twice that of last year. Intraday spreads (arbitrage) remain high across all NEM states, but particularly South Australia and Queensland. One of the key reasons for this is the higher priced fossil fuels (mainly gas) increasing the evening price and more solar hollowing out the daytime price (reflected in negative prices). Furthermore, FCAS Revenue, will likely fall between 300 and 350 MMAUD, unless there’s a big event in December, in which case it could easily exceed 350 MMAUD. For context FCAS revenue in calendar year 2015 was less than 65 MMAUD. "

Bauldercombe will benefit GNX directly once commissioned, KPH will be highly appealing asset to acquire because of this... and EA will benefit greatly once it is operational... while we get our rent. Just gotta get it built.

Takeover or not... long term - GNX is a very appealing collection of assets.