I second your comments here Jez - I work in the energy market providing analysis and advice for companies like Genex on projects just like this. The bigger/complex the project, the more moving parts, and the more chances of things being delayed. One stakeholder misses a deadline, which results in the next stakeholder missing theirs, and it just kind of snowballs.
That said, I certainly don't see KPH dead in the water, not by a long shot. Genex have sunk plenty of money into researching and developing this idea for years, seeking technical and commercial advice from a number of consultancies. The energy market fundamentals have only continue to stack up since project inception. Queensland is at a critical juncture in its pivot to renewable energy, and pumped hydro and batteries are the key component to reaching the 50% QRET by 2030. With the right mix of technology, Queensland will be the utility-scale solar powerhouse of the NEM.
However renewable developers are already pulling back investment in the Queensland market considerably because of negative prices and surging rooftop PV - these are excellent indicators for pumped hydro and batteries. If anything, I would like to see Genex move immediately onto another mid-level storage project after KPH and Como, either a 4hr battery or similar!
It's tough waiting it out and seeing your investment revert, but stick it out and we'll see KPH get off the ground - the energy transition in Queensland can't keep momentum without it.
- Forums
- ASX - By Stock
- Broker reports pumped out - 6/10/2020
I second your comments here Jez - I work in the energy market...
Featured News
Add GNX (ASX) to my watchlist
|
|||||
Last
27.0¢ |
Change
-0.005(1.82%) |
Mkt cap ! $373.9M |
Open | High | Low | Value | Volume |
27.0¢ | 27.5¢ | 27.0¢ | $255.2K | 944.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
23 | 19170600 | 27.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
27.5¢ | 7131181 | 69 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 17117507 | 0.270 |
14 | 3345012 | 0.265 |
2 | 6600 | 0.260 |
2 | 41970 | 0.255 |
2 | 19000 | 0.250 |
Price($) | Vol. | No. |
---|---|---|
0.275 | 6405944 | 62 |
0.280 | 2249878 | 14 |
0.285 | 7017 | 1 |
0.290 | 8125 | 2 |
0.295 | 124962 | 2 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
GNX (ASX) Chart |