Typical of how useless the varying levels of government are in...

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17/08/18

17:46

Post #: 35003048
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Originally posted by sabine ↑

Thanks Matto.
That would be it then : seems someone needs to invent a really, really good adaptor to avoid the other alternatives really, really fast
And that the selling wasn’t based on inside information after all.
This story was from July 30, the day before the stock was shut down .
https://reneweconomy.com.au/major-solar-wind-projects-stumble-in-front-of-new-grid-hurdles-71104/

Major solar, wind projects stumble in front of new grid hurdles

.........
..........
....Some, including those that have gotten as far as signing power purchase agreements, are having to go back to the drawing board because of connection requirements the developers either ignored, or didn’t know about.

The issue is most acute in western Victoria, but is also being felt in northern Queensland and south-west NSW.

Many new projects are being told that they face significant curtailment without either adding battery storage or old-style machinery known as synchronous condensers to deal with system strength issues.

Both options are causing headaches for developers, because either way they are trashing their financial models, and could cause extensive delays to projects that many expected would begin construction anytime soon.

The issue was highlighted in our story in May about the threat of curtailment in Victoria, where project developers were warned by the Australian Energy Market Operator that up to 50 per cent of their output was at risk of being wound back.

Further issues were raised in June, when new generation requirements and system strength guidelines were outlined, including some that were opposed by some in the renewable industry, concerned that they were being loaded with un-necessary costs.

It has now come to a head, and last week, a briefing by AEMO head of operations Damien Sanford at a meeting hosted by the Clean Energy Council drew more than 100 renewable energy professionals, utility executives and financiers.

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Typical of how useless the varying levels of government are in this country.

Firstly they drive ridiculous target for green energy, then change the rules mid stride relating to grid hurdles. Hopefully their contract covers contingencies outside their control, such governmental rule changes mid project.

RCR Price at posting: $2.80 Sentiment: Hold Disclosure: Not Held
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Typical of how useless the varying levels of government are in...

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Typical of how useless the varying levels of government are in...

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Western Mines identifies 2 high-grade zones at Mulga Tank in WA

Siren Gold boosts antimony resource by 66% to 14.5Kt at Auld Creek, NZ

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