GNX 2.38% 21.5¢ genex power limited

Ann: 50MW Solar Project Revenue Update, page-10

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,993 Posts.
    lightbulb Created with Sketch. 166
    Not sure where you get 2000 operational hours in a quarter - 90 days at 10 hours a day is 900 hours. During those 10 hours, production is 44-45 MW when not impacted by cloud, and Genex has indicated the plant is still in the final stages or ramp-up.

    By subtracting July production from September quarter production I get 26,862 MWh generated in 60 days (600 hours) since the QLD Govt PPA kicked in, with revenue of $ 2,183, 017. This works out at $81 per MWh, or 8 cents per KWh, which is more than the price that current solar projects are being bid at much less than that:

    From https://reneweconomy.com.au/victori...o-another-fall-in-wind-and-solar-costs-34187/:
 
watchlist Created with Sketch. Add GNX (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.