"UK “green steel” billionaire Sanjeev Gupta has signed a 15-year deal to take power from the soon-to-be built Numurkah solar farm in northern Victoria to help power his newly acquired Laverton steel works in Victoria and reduce electricity costs."
The rationale behind the Gupta PPA is not all that far removed from what CCE are proposing for Mungari and Kemerton Strategic Industrial Areas.
Rather than having just one client (as in the Victorian agreement), CCE will have an agreement with all of the tenants in the respective Strategic Industrial Areas.
It would be good, if the Kwinana Strategic Industrial Area was to be next in CCE's sights.
CCE Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held
