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Originally Posted by Street Pharmacist
This project looks so freaking cool, but my head tells me the costs would just make this a complete non-starter. But the financial backers don't feel that way, so I guess we'll see
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I think it's a complete scam that'll never get off the ground, given that Singapore already has cheaper electricity than Australia. The only money that will be made will by the corporate insiders and consultants that will skim off all the initial investor and government money.
And it makes no sense to go to Singapore, when the main eastern Australian grid struggles on a regular basis with electricity supply. Just today, spot prices exceeded A$1000/MWh in Queensland and New South Wales:
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A couple reasons why this spare capacity is low:
1) We see in the chart at the bottom right there is barely any wind generation across QLD and NSW together …
2) … and (naturally at this time during winter) no solar as well;
3) That’s on the back of ongoing outages of coal plant as discussed here before.
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https://wattclarity.com.au/articles/...n-qld-and-nsw/