"The head of the government agency that partly funded the feasibility study says there are limitations on where the 2000 megawatts generated by the Snowy Hydro upgrade could be supplied to because of the capacity of the interconnectors between states.
"The Snowy project, if it were to go ahead, does provide a lot of storage and it can support a lot of renewables, but primarily in NSW and Victoria," Australian Renewable Energy Agency chief executive Ivor Frischknecht told a Senate committee on Monday."
A good reason for GNX to look for further opportunities in Queensland and probably WA, SA and NT as well.
Has it ever been mentioned that GNX might do projects offshore? I am thinking Africa, South America and parts of Asia might be considered some time in the future (maybe with the assistance of the UN).
GNX Price at posting:
31.5¢ Sentiment: Buy Disclosure: Held