"The platform has a pipeline of over 2GW in solar and wind projects in the SE Asian market and Japan, of which 600MW are near term opportunities and 450MW are immediately investable as seed asset"
Hitting the ground running which is good to see. I note the comment in the presentation which states they will replace the pipeline of TLT with Galileo and Gurin over time... IMO this indicates they do not see value in Australian renewables at this stage - most likely due to political limitations
Personally I still see an opportunity for storage in near to mid term for Australia... at a price of less than $1m per Mw (for battery arrangements from 150mw - 250mw) and payback periods (currently) of less than 3 years... its a rapidly changing environment... but the opportunity is there for a quick develop and onsale at a minimum - the appetite for renewable assets (particularly wind and storage) in Australia is still very strong from funds such as superannuation
solar is a different beast due to its immediate impact on spot pricing and larger levels of intermittency... but with sufficient levels of storage, it could also become attractive - its the lowest cost - but needs the time shifting mechanism that storage provides to make it more profitable LT.
IFT Price at posting:
$7.24 Sentiment: Buy Disclosure: Held
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