The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Hmm,
https://en.wikipedia.org/wiki/Atacama_Large_Millimeter_Array
Well, some astronomers, cosmologists and physicists found the logistic capability to drive whole telescopes to the middle of the desert and keep them permanently fed and watered. Not cheap for sure yet physically doable. I suppose the ridiculous amount of empty space that hasn't been disturbed for millions of years would make it relatively 'easy' to carve a road from that array and place a massive solar farm. Then run the power cable back to the nearest conurbation with fresh water. 10 % losses due to the AC Grid impedance but no supply issues.
I think i'm enjoying this too much..
I am sure that our team have been looking at a number of options. I think it is a really tricky call, need to assess cost and benefit trade-offs not just as they are today but how you think they might change over the next 10-20 years !.
But i am glad we have the cash to do this on itap for immediate use as i think this whole hting is now running massivley faster than pre-Covid......which is when current decisions were made. We are going to have to be like a bat out of hell to maximise the opportunities and keep the competiton behind us. It will be interesting to see how many of the 'big boys' try to get into electrolysers and how successful they might be after throwing big bucks at the problem.
I reckon we have a robust technology advantage at the moment - the trick will be in keeping that AND driving manufactured costs down fast. We look to be ready to do both. A very good place to be.
I think I read that Chile's plans are for Patagonia down in the south where the wind is more or less consistant, Roaring Forties. Unfortunately that's quite a way from the main population in Santiago, so quite a long delivery route.
Import duty based on native work performed upon second-hand steel? That requires rules of origin paperwork, so to negate that wouldn't you just use Indian second-hand steel? Perhaps the system is just so corrupt they would just find another tax loophole to fleece foreigners. Ok, for now India is out, Australia seems less corrupt than Fukushima radioactive dumping Japan.
Here's an odd ball; what about Chile? Great environmental standards, less corruption, multiple thousands of miles of coast (not sure about the transport links considering the Andes mind).
Tennants ,mcboatface, exporting there was a minefield, especially if steel was second hand and to be remanufactured by Indian companies,you had to determine import duty based on amount of work for Indian nationals,under declare you were fined,take safe route and over declare ? Fined you even more !!!! Perhaps improved in last 20 yrs ,but good luck bojo !
Hi there Tennents,
The arbitrary tax situation I had no idea about until you revealed them. So, perhaps, when the COVID situation has improved and we have the vaccine effectiveness results against the Indian variant Bojo can take his tax circus to Delhi.
I agree it's too early in real terms, but there's no harm in occasional fantasy factory football now is there?
McBoatF
India is a dreadful place to do business - that is why so few UK companies have invested there. Some that have eg telecomms and oil have had MASSIVE difficulties especially on taxation and seemingly arbitrary tax demands in billions.
Even exporting there from the UK can be a real pain. SOrting a lot of this out is one of teh reasons Boris/UK govt are keen to get a trade deal arranged. The Indian govt want investmetn but even they recognise that there are big problems.
While there will be big markets in Asia - particularly based around Australia I dont see GF2 being located there.
I would have guessed Europe eg Germany but given the critical need to drive manufactering cost efficiencies down hard and fast I think the smart play is to build GF2 next door to GF1 to concentrate those efforts. We may have to pay some tarrifs but our kit will be selling on best performance /cost ratio.
Maybe GF3 in Europe or Australia? Who knows but for now ....it is a bit too early to spread our technical 'jam' too thin across planat locations.
Over a billion people, cheaper expert labour, sunshine, hydro during Monsoon season; incredibly fragmented utilities infrastructure for such a wealthy country. Seems ripe to me.
It seems to me that the demand for Green h2 will outstrip supply. Which market is potentially most profitable European or Asian? What about India?
Milan
Where are SNAM based again?
Australia's my guess. Ideal for the southern hemisphere.
Germany..In the Rhyne region perhaps. They have the most experience of integrating services, transport, especially rail connections and it would be a good way to 'secretly' maintain good relations. I hate to echo the WW2 strategy but that's the way the rail networks were built; Eastward into Russia.
Clock ticking on 2nd factory - great news. Any bets on where the first overseas factory will be located?