News GFG on board as joint major sponsor

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Janus

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Starting to wonder if Gupta didn't get the tap on the shoulder from higher ups that the US, UK, Canada and Australia would be forming an Anglo-based economic bloc, which is why he's invested so much in steel manufacturing...and why the US didn't put tariffs on Australian made steel.

It could be just coincidence...but I don't believe in coincidence.
 

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RussellEbertHandball

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the maths doesn't quite add up

280Mw of solar equates at 22% efficiency and avergae home uses 9,179 kWh per annum is 2,500 homes. Even at 100% efficiency, that's 10,000 homes.

They may want to reconsider where they put the decimal place, as they are out by a factor of 10
depending on what state you are that is between $2700 and $3700 of electricity. Seems a bit high but then again plenty of people waste electricity.
 

SpaceCoyote

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the maths doesn't quite add up

280Mw of solar equates at 22% efficiency and avergae home uses 9,179 kWh per annum is 2,500 homes. Even at 100% efficiency, that's 10,000 homes.

They may want to reconsider where they put the decimal place, as they are out by a factor of 10
Your math is off.

On Pixel 3a using BigFooty.com mobile app
 

RussellEbertHandball

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the maths doesn't quite add up

280Mw of solar equates at 22% efficiency and avergae home uses 9,179 kWh per annum is 2,500 homes. Even at 100% efficiency, that's 10,000 homes.

They may want to reconsider where they put the decimal place, as they are out by a factor of 10
and USD$1b for 22,484,000 over a 20 year life is $2.22 a kwh when the retail price is $0.40 and the target production price is $0.04.

someone has their nose in the trough
The video states they have over $1 bill USD of projects which includes the Cultana 280MW solar panel farm, plus pumped hydro projects, plus battery storage and as SIMEC Zen Energy are doing this and not Liberty/InfraBuild so it probably includes other things. I don't know if their Hydrogen stuff fits into the $1 bil USD

The 280MW installation will cost $350 mil AUD. according to original article, which is linked in the article below in today's paper which says worth about $500 million.

Sanjeev Gupta’s GFG Alliance ready to break ground in billion dollar plans for Whyalla
Sanjeev Gupta is poised to pull the trigger on more than $1 billion worth of spending in Whyalla in the next six months, as the seeds of the town’s rejuvenation start to take root. Mr Gupta’s company, GFG Alliance, expects to break ground on what it says is Australia’s largest solar facility at Cultana, worth about $500 million, in the first three months of 2020.

The company also hopes to secure the necessary approvals for its $600 million steel rolling mill by the end of March. Once the approvals are locked in, the construction of the mill will start, and tenders for construction contracts are expected to be announced.
....
The 280MW solar farm, where a testbed of about 200 panels has already been installed, is now just waiting for connection agreements with Electranet and the Australian Energy Market Operator before construction can start.

Ok might as well quote the 9th December article directly.

Work on Cultana Solar Farm to start within weeks
Work on the $350 million Cultana Solar Farm is expected to start early next year.
The 280MW project north of the Whyalla Steelworks, by SIMEC Energy Australia, is expected to generate enough electricity to power 100,000 homes each year.

SIMEC representative Sean Kelly said work on the solar farm – the first project in Sanjeev Gupta’s $US1 billion renewable energy plan for the Upper Spencer Gulf – was expected to start in early 2020 and be completed by the end of next year. He said the project would generate 350 jobs, with recruitment to start soon.
.........

So 780,000 solar panels x 360 watts per panel = 280,800,000 watts - but that is at 100% efficiency, which doesn't happen.
 

Power Raid

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The video states they have over $1 bill USD of projects which includes the Cultana 280MW solar panel farm, plus pumped hydro projects, plus battery storage and as SIMEC Zen Energy are doing this and not Liberty/InfraBuild so it probably includes other things. I don't know if their Hydrogen stuff fits in the $1 bil USD

The 280MW installation will cost $350 mil AUD. according to original article, which is linked in the article below in today's paper which says worth about $500 million.

Sanjeev Gupta’s GFG Alliance ready to break ground in billion dollar plans for Whyalla
Sanjeev Gupta is poised to pull the trigger on more than $1 billion worth of spending in Whyalla in the next six months, as the seeds of the town’s rejuvenation start to take root. Mr Gupta’s company, GFG Alliance, expects to break ground on what it says is Australia’s largest solar facility at Cultana, worth about $500 million, in the first three months of 2020.

The company also hopes to secure the necessary approvals for its $600 million steel rolling mill by the end of March. Once the approvals are locked in, the construction of the mill will start, and tenders for construction contracts are expected to be announced.
....
The 280MW solar farm, where a testbed of about 200 panels has already been installed, is now just waiting for connection agreements with Electranet and the Australian Energy Market Operator before construction can start.

Ok might as well quote the 9th December article directly.

Work on Cultana Solar Farm to start within weeks
Work on the $350 million Cultana Solar Farm is expected to start early next year.
The 280MW project north of the Whyalla Steelworks, by SIMEC Energy Australia, is expected to generate enough electricity to power 100,000 homes each year.

SIMEC representative Sean Kelly said work on the solar farm – the first project in Sanjeev Gupta’s $US1 billion renewable energy plan for the Upper Spencer Gulf – was expected to start in early 2020 and be completed by the end of next year. He said the project would generate 350 jobs, with recruitment to start soon.
.........

So 780,000 solar panels x 360 watts per panel = 280,800,000 watts - but that is at 100% efficiency, which doesn't happen.
$350m makes more sense

Thanks to SpaceCoyote help, that results in just over $0.03 kwh over a 20 year life which is about right
 

RussellEbertHandball

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$350m makes more sense

Thanks to SpaceCoyote help, that results in just over $0.03 kwh over a 20 year life which is about right
Gupta put out his annual Christmas message to staff on Christmas eve. Cultana gets a specific mention early as part of their long term use of renewables to produce "Green Steel," but at 2.23 he mentions hydrogen and its application to green steel, but doesn't expand on the hows, whats and whens.

Plenty of activity by GFG in Oz and around the world in 2019 and doesn't look like it will slow down in 2020.


 

Zakk Wylde

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Gupta put out his annual Christmas message to staff on Christmas eve. Cultana gets a specific mention early as part of their long term use of renewables to produce "Green Steel," but at 2.23 he mentions hydrogen and its application to green steel, but doesn't expand on the hows, whats and whens.

Plenty of activity by GFG in Oz and around the world in 2019 and doesn't look like it will slow down in 2020.


Have been a major client of mine via Ferretti International for the last 18 months and it's only getting bigger. (Both Wingfield and Whyalla branches).

Ferretti isn't his business but they work very closely in partnership and get a lot of "hand me down" work via GFG.

“Although Ferretti is not a Gupta family-owned company, it is part of the AAR TEE Group which has been a long-term trading and investment partner of GFG"
 

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