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Last year's CfD does not even list wave energy.
https://assets.publishing.service.gov.uk/media/64fa0473fdc5d10014fce820/cfd-ar5-results.pdf
My question is if $75/MWh is just an exaggeration or a lie, or if that's a true statement.
Wouldn't be ideal if wave is able to compete in CfD auctions given the already rather modest ring fenced budget.
Did wave just overtake tidal stream?
https://youtu.be/3X2PqKKPb48?si=qM9t0LpbmXdoqnYm
What's your position, if the question is allowed?
I'm not sure why I bought 45k shares this week
But these are the facts. Over a decade of articles like this have brought us to celebrate deployments below 100MW. We need 10-times that, 1GW to go below £100/MWh although today, thanks to inflation, we need more than that.
Until we see actual commitment and money driving significant deployments all this is is more of the same.
Yes, we got CfDs now but we also sold the tidal division for £0.5m which is something we don't want to forget here. Perhaps SAE was forced to do so but let's just keep that in mind.
I'm not trying to convince you of anything here. I care the same if you will, but it just has to be said that there's plenty of material that state the exact same. Growing interest, huge potential and what not. What's missing is the money to make it a reality.
Articles and surveys like that are pretty much regulars. I won't even bother to compile a list of such articles because they are easily to find..
We are also 95% under-valued according to Simplywall.st
https://simplywall.st/stocks/gb/capital-goods/aim-sae/simec-atlantis-energy-shares/valuation
But why am I still not feeling it?
.. how it's just not getting up.
Don't get me wrong, there's currently nothing really to expect I guess. But I'm still disappointed. Or impatient?
Regular monthly updates would still be nice. I find it hard to believe that there is nothing to report. Really?
That's what my statement implied. I never said this money ceased to exist. But that it may cease to be mine.
We're below £6m. It's pretty obvious that there's no demand for this stock and at this price... it's also kinda obvious that institutions don't care about this company.
As I've suggested in the past.. there's probably around 1000 people around who own a few shares of SAE.
The good news is that it can't get much lower. I've already accept the fact that it's not unlikely I might lose my money ok this company.
It's in Graham's hands now.
Will CfD money be enough to get this sector going?
Got to agree with munin here.
Quite some time ago I did all the math and came up with some numbers back then. I think 27% capacity factor was what I came up with. Not bad but not great either.
Maybe this will improve and economics at scale may change all that.
I'd like to know at what point a reduction in capacity deployed will become visible in the LCOE. Simec lowered the cost from whatever to £300 to below £200 / MWh so far but now we're back above it.
Yes, still without the scale but here is where CfDs come into play.
If SAE can reduce the cost per MWh as the industry promises, then perhaps tidal has a chance.
It really depends on that and only that
It's all good but TSE does not eat up valuable land isn't an eye sore. What we don't know if it can compete in cost.
https://www.independent.co.uk/tech/renewable-energy-solar-climate-targets-b2529461.html
Wake me up at 10 GBX
To add: that's 300% and it's actually not SAE that needs to prove that, but Proteus..
Also: This website is a pain in the butt on mobile
To
I don't want to be that guy, but, there's another side you left out imo.
The money SAE can make with CfDs is public money. This money will never result in any actual profit for the company until scale and reduced cost make TSE competitive.
If you buy SAE today, you'll not see a single penny in profits because that money will have to be re invested until you can build more turbines for less money until you can do that without governmental funding. That's when you reach the point where the company can make more money than what you have to put into.
SAE has to prove that it can do that. Lowering turbines alone won't suffice. These turbines have to become cheaper. A lot cheaper.
We need to close the relative gap to wind and solar. £50 vs £198 /MWh (all rounded grossly) +400% isn't going to cut it.
All eyes will remain on that number and the question if SAE can follow a trajectory that says: We can truly be, not just theoretically, competitive.
https://assets.publishing.service.gov.uk/media/64fa0473fdc5d10014fce820/cfd-ar5-results.pdf
NAV should only improve by the amount of interest SAE does not have to pay in the future. As you said, everything might already ne priced in including the fact that Uskmouth/MeyGen might be worth less than what it is on the books hence the market cap is below the book value.
NAV to increase required the company to be able to generate a reliable ROI on their own merits without millions of funding. Any insane valuation would reflect speculation until then.
So, what the company is worth can be answered by "What are my returns in 5 years if I bought the company today and sold it then?" and the answer is "nobody knows/seems to know, maybe nothing".
Perhaps this is what could be a setup for the "mother of all corrections" that Tim Cornelius was talking about before he left the company.
Negative. Not like that. Compare it to a stock like AFC Energy.
SAE is simply a dead stock at the moment.
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