Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Swizz,was reading on the LOGP blog that you undertook a FOI request with the DECC about Sel 1/11.Any more info on this?>
TS, I have undertaken 2 FOI’s in the last 18 months, the first covering the period from January 2021 to October 2021, relating to all comm’s between DECC/GSRO and Exola and Providence and the 2nd covering the period October 2021 to May 2022, which was the same criteria as the first, with the addition of all comm’s that included Eamon Ryan, there was some documentation that wasn’t released from the FOI due to commercial sensitivity, (I believe these were the letters of comfort) but each FOI included a fully documented itinerary of all communication, which was helpful to put into context some of the information released by the company via RNS,
I think the most notable point was the change of tone and engagement with the GSRO and the company, which occurred in March and April of this year, they moved from basically blanking the company from any meaningful engagement in 2021, to a much more constructive and BAU engagement, perhaps it was this backdrop that led JM to make the “hopefully in 90 days” comment?, it’s just a gut feel based on the comm’s itinerary, but I sense the GSRO have completed their review and have approved the LU and it is sat with Ryan awaiting his ministerial sign off, …GL S
Thank you again Swiss, for being most informative, re PVR.
I am however somewhat surprised that "Market Moving" information is not freely & equally available to all PVR shareholders, even though, with my losses here, I could have paid for hundreds++ of FOI's ;-)
Might that not be just one more reason to sue the Irish Government for its delays ?
DonalB
Many thanks for your reply Swizz.It makes sense of JMs prediction of within 90 days.So even with the first offshore windfarm predicted for 2027 ,there still remains a perilous gap in the Green transition when it comes to future energy security.
Keep an eye on the auction price of offshore wind when it happens. Ryan is scalping us. The second round of auctions for *onshore* wind happened in May and the average strike price was an eye-watering EUR 97/MWh. That's the same price as the Hinckley Point nuke, despite Green claims that nuclear is far too expensive and wind is the cheapest power available. It's 32% higher than the previous auction two years ago, twice the average wholesale cost of electricity two years ago, and twice the cost of UK *offshore* wind five years ago. The story is that Eirgrid dropped the ball on providing grid connections when they were supposed to, and now that Ryan is polishing his green halo the wind farms getting licensed are in suboptimal locations. Oh yeah, and the support period over which the strike price is paid lasts until 2040. The only question in my mind is how much havoc the Greens will have wreaked on the economy by the time they get booted out on their ar$e$.
Fianna Fail and Fine Gael will get it from the farmers!