Yes this announcement, out of the blue, adds a new dimension to CBD.
It looks like CBD wants to become renevable energy utility.
Vertically integrated company, that intends to install renewable energy projects, manage them and sell the product to the consumer.
21st century energy utility, I think they called it.
It should pay off in the longer term, when the renewables come back in focus due to Australia's bipartisan emission targets.
Meanwhile, a bit of the set back to the Queensland's efforts to be green, Xstrata mining mogul decided to source its energy needs for its Mount Isa operations from gas fired power stations.
This decision puts in doubt project Copper String which was to galvanize heaps of renewable energy projects and help fulfill Queensland's commitments to nation's effort. Article on Climate Spectator discusses the situation in depth.
SO there could be implications for ecoKinetics, being Queensland based.
These are interesting times, the current world obsession with doom and gloom making things more difficult than they need to be.
I think a lot could be fixed by prescribing some Prozac to the media commentators, who ATM love to see disaster looming at every inch of the way.
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