Wow this is a massive arbitrage play. Big proponent of BESS but 5 GW of batteries to buy cheap wind and sell at a higher price is a wild bet.
Must have a lot of grants and government money for this one to pencil out.
Must have a lot of grants and government money for this one to pencil out.
For a good chunk of the year (April through to October), the prices even go negative at mid-day most days of the week. This will pay itself off very quickly
My main point is that its a very large asset so you can't external forces come and mess up the financials (such as policy, regulatory changes, or large infra jump in that area) to make good on that bet. Certainly some public dollars being put to work to de-risk the bet.
If it is straight up privately financed even more of a big bet.