[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.] #  @FootnotesGuy Aidan Morrison Aidan Morrison posts on X about finance, linkedin, auction, happened the most. They currently have XXXXX followers and XXX posts still getting attention that total XXXXX engagements in the last XX hours. ### Engagements: XXXXX [#](/creator/twitter::1903972064144551936/interactions)  - X Week XXXXXX +148% - X Month XXXXXXX +266% ### Mentions: XX [#](/creator/twitter::1903972064144551936/posts_active)  ### Followers: XXXXX [#](/creator/twitter::1903972064144551936/followers)  - X Week XXXXX +8.80% - X Month XXXXX +31% ### CreatorRank: XXXXXXX [#](/creator/twitter::1903972064144551936/influencer_rank)  ### Social Influence [#](/creator/twitter::1903972064144551936/influence) --- **Social category influence** [technology brands](/list/technology-brands) [social networks](/list/social-networks) [countries](/list/countries) [finance](/list/finance) [stocks](/list/stocks) **Social topic influence** [finance](/topic/finance), [linkedin](/topic/linkedin) #73, [auction](/topic/auction), [happened](/topic/happened), [reverse](/topic/reverse), [$100million](/topic/$100million) #1, [all the](/topic/all-the), [underway](/topic/underway), [$430million](/topic/$430million), [10x](/topic/10x) ### Top Social Posts [#](/creator/twitter::1903972064144551936/posts) --- Top posts by engagements in the last XX hours "But it doesn't fit at all with what happened with Neoen's Goyder Stage 1a bid which came in at an even lower price. They wanted to build 5X then 10X that amount. Why "emerging market opportunities" Okkkkkk. 17/"  [@FootnotesGuy](/creator/x/FootnotesGuy) on [X](/post/tweet/1947571018664427830) 2025-07-22 08:14:49 UTC 1410 followers, XXX engagements "@CEFCAus But the ACT government is NOT paying them to build the battery. Here's the legislative instrument that pays them for the 100MW of wind at Berrybank X. There's that $55/MWh feed-in rate. Zero mention of battery. 26/"  [@FootnotesGuy](/creator/x/FootnotesGuy) on [X](/post/tweet/1947575612354543653) 2025-07-22 08:33:04 UTC 1408 followers, XXX engagements "Do they think that some proponents will have incompetent lawyers and not notice Insane. Again. because he's still hiding Simon's mate is a snake and a coward. How dare he give SHaC an official "cleared" statement to bandy it on LinkedIn but obfuscate in officialdom. 16/"  [@FootnotesGuy](/creator/x/FootnotesGuy) on [X](/post/tweet/1945764304378339639) 2025-07-17 08:35:35 UTC 1410 followers, XXX engagements "Here's the official Victorian government website confirming it and a media release from the Victorian Premier bragging about it too. The "reverse auction was the largest auction ever held". 7/"  [@FootnotesGuy](/creator/x/FootnotesGuy) on [X](/post/tweet/1947142368534352318) 2025-07-21 03:51:31 UTC 1410 followers, 1207 engagements ""No you're wrong because my friend in high public office assured me in private that I'm right." This is the "SHaC excuse" for ignoring uncomfortable facts. Last week @simonahac tried it on @EnergyWrapAU who patiently and exquisitely dismantled Simon from public sources. 1/"  [@FootnotesGuy](/creator/x/FootnotesGuy) on [X](/post/tweet/1945410154129973402) 2025-07-16 09:08:19 UTC 1410 followers, 34.2K engagements "To market it as "baseload" they need the battery. Alongside $100million CEFC finance the BESS has an outright grant of $17million from the Australian Renewable Energy Agency @arenagovau. That's a subsidy. That can help cross-subsidise power for the ACT government. 4/"  [@FootnotesGuy](/creator/x/FootnotesGuy) on [X](/post/tweet/1947142357180354828) 2025-07-21 03:51:28 UTC 1408 followers, 1186 engagements "Last few days Ive noticed this phenomenon among renewabros. They point to some low numbers being paid for wind and solar. And think thats evidence that theyre putting downward pressure on prices. The opposite is true. Weird but true. 1/"  [@FootnotesGuy](/creator/x/FootnotesGuy) on [X](/post/tweet/1946438525119021169) 2025-07-19 05:14:42 UTC 1410 followers, 3689 engagements "And here's a long list of all the "Ancillary Services" that the battery will provide. Traditional spinning thermal generators used to provide all of them for free. So we're creating new markets for all the fancy band-aids the wind-solar system needs. More cross-subsidies. 5/"  [@FootnotesGuy](/creator/x/FootnotesGuy) on [X](/post/tweet/1947142361018192214) 2025-07-21 03:51:29 UTC 1407 followers, 1189 engagements "The timing is important. The media release is X January. But refers to completing financial close "in December". (No date) Presumeably that means very late December hard to get the press release out with everyone on holidays. 8/"  [@FootnotesGuy](/creator/x/FootnotesGuy) on [X](/post/tweet/1947497274382430221) 2025-07-22 03:21:47 UTC 1408 followers, XXX engagements "But instead the media release for Stage 1a from the actual company confirms that the construction for the ENTIRE project Stage including BHP's Stage 1b is underway. There couldn't be clearer confirmation that the finances are linked. 14/"  [@FootnotesGuy](/creator/x/FootnotesGuy) on [X](/post/tweet/1947497291713286618) 2025-07-22 03:21:51 UTC 1408 followers, 1316 engagements "Im not sure about the Waymo thing. The whole phenomenon of private vehicle ownership is a case study in option-value. Lots of people own cars for options they rarely exercise. Like a camping trip or visit to the now. Im not sure ownership will plummet. But I agree with the conclusion that those assumptions on AEMOs part are definitely still ridiculous"  [@FootnotesGuy](/creator/x/FootnotesGuy) on [X](/post/tweet/1948147856004804792) 2025-07-23 22:26:58 UTC 1410 followers, XX engagements "These are the lucky 6GW CIS winners in Round X. Their curtailment is underwritten by taxpayers. Barwon Elaine Mokoan. solar farms expecting 30-50% curtailment. underwritten Imagine how pissed you'd be if you were waiting for the next round and missed out 17/"  [@FootnotesGuy](/creator/x/FootnotesGuy) on [X](/post/tweet/1945764308056678611) 2025-07-17 08:35:36 UTC 1410 followers, XXX engagements "The context is here. AEMO releases some modelling showing that vast proportions of the projected wind and solar being built will be 'constrained'. I.e. wasted. Unless utterly implausible amounts of transmission get built. 2/"  [@FootnotesGuy](/creator/x/FootnotesGuy) on [X](/post/tweet/1945410156239716703) 2025-07-16 09:08:19 UTC 1398 followers, 4427 engagements "This change is only clear if you trace your way through all the equations and get confidence in them. As Ben and @DavidOsmond8 have done. But the contracts still explicitly include curtailment in the Force Majeure definition so it's confusing at a glance. 4/"  [@FootnotesGuy](/creator/x/FootnotesGuy) on [X](/post/tweet/1945764264314310953) 2025-07-17 08:35:25 UTC 1410 followers, XXX engagements "The Minister has made @AEMO_Energy the administrator of the CIS so that no Freedom Of Information claim can be made. And they never have to answer to Senate Estimates. The pro-forma can be modified. AEMO's assessment of merit will remain secret. And then. 20/"  [@FootnotesGuy](/creator/x/FootnotesGuy) on [X](/post/tweet/1945764315296063704) 2025-07-17 08:35:37 UTC 1410 followers, XXX engagements "If some combination of rooftop solar batteries and EV charging was to stack up financially anywhere it would be a daytime retail business with giant roofs and sprawling carparks. It still doesn't. So taxpayers help fund it"  [@FootnotesGuy](/creator/x/FootnotesGuy) on [X](/post/tweet/1943525214379479290) 2025-07-11 04:18:14 UTC 1411 followers, 5319 engagements "So the essence of David's thesis which Giles quoted is that because ACT got all the LGC's within the same price quoted for energy there's no extra subsidy revenue. That's an "all-inclusive" price including any implicit subsidy. 5/"  [@FootnotesGuy](/creator/x/FootnotesGuy) on [X](/post/tweet/1947497265750544684) 2025-07-22 03:21:45 UTC 1407 followers, XXX engagements "@CEFCAus This is GPG's media release. The battery is "part of the commitments" and in "partnership with TransGrid" to "support the ACT distribution grid". The world is upside-down. They're not delivering anything to the ACT. The ACT is giving them a hand-out. 27/"  [@FootnotesGuy](/creator/x/FootnotesGuy) on [X](/post/tweet/1947577443927396615) 2025-07-22 08:40:21 UTC 1408 followers, XXX engagements "But at the end Giles leaves this remarkable note of surprising specificity about the battery requirement. Spelling out the "obligation" on tenderers. 10MW and 20MWh per 100MW of wind. That fits what happened at Berrybank X. 16/"  [@FootnotesGuy](/creator/x/FootnotesGuy) on [X](/post/tweet/1947571015363731790) 2025-07-22 08:14:48 UTC 1410 followers, XXX engagements "So if there was a nice air-gap between the close of finance for Stage 1A and the massive deal-making announcements from BHP and the Australian federal government backing Stage 1B I'd take Giles and David financial isolation argument seriously. 13/"  [@FootnotesGuy](/creator/x/FootnotesGuy) on [X](/post/tweet/1947497289003737401) 2025-07-22 03:21:51 UTC 1408 followers, XXX engagements "Simon bites. He's sure that the energy transition he's defending would never do such a terrible thing. To which Morten Frisch expresses some relief. But Ben and Stephen point out the subsidy schemes in Australia are just getting started and assert CIS will do that. 6/"  [@FootnotesGuy](/creator/x/FootnotesGuy) on [X](/post/tweet/1945410169564995724) 2025-07-16 09:08:23 UTC 1410 followers, 1573 engagements "That's weird because that's when it was mean to be operational. Including the battery. Could there be a mistake in the financial close 4/"  [@FootnotesGuy](/creator/x/FootnotesGuy) on [X](/post/tweet/1947570983109595548) 2025-07-22 08:14:41 UTC 1408 followers, XXX engagements "@CEFCAus @GilesParkinson That would be the good version. Where ACT taxpayers capture full the value of the commercial opportunity conferred onto GPG. (And Neoen.) That would be a subsidy. If anyone else received any benefits from conferring those rights well that would probably be corruption. 31/"  [@FootnotesGuy](/creator/x/FootnotesGuy) on [X](/post/tweet/1947582355692261773) 2025-07-22 08:59:52 UTC 1410 followers, XXX engagements "@CEFCAus Meanwhile GPG a subsidiary of Naturgy had never built a battery anywhere in the world. Ever. As Renew Economy proudly boasts in this headline. Isn't there anything odd about a company with no battery pedigree being chosen to build a battery 24/"  [@FootnotesGuy](/creator/x/FootnotesGuy) on [X](/post/tweet/1947573421501788669) 2025-07-22 08:24:22 UTC 1408 followers, XXX engagements "Chris Bowen will make the final decision. That gives every wind and solar proponent both a strong argument and powerful incentive to persuade Chris Bowen himself to underwrite their project like those before. 21/"  [@FootnotesGuy](/creator/x/FootnotesGuy) on [X](/post/tweet/1945764317565268138) 2025-07-17 08:35:38 UTC 1410 followers, XXX engagements "If you do something early in your career which a few years later looks really really dumb I think it's best to acknowledge the blunder and be proactive in pointing out how others can avoid doing the same. Or. you could do this 1/"  [@FootnotesGuy](/creator/x/FootnotesGuy) on [X](/post/tweet/1944988689999769820) 2025-07-15 05:13:34 UTC 1411 followers, 10.6K engagements "For the sake of story-telling let's now consider whether Stage 1A may have benefited from subsidies for Stage 1B. The Media release for financial close on Stage 1A boasts about 1B and says construction is underway on both. 7/"  [@FootnotesGuy](/creator/x/FootnotesGuy) on [X](/post/tweet/1947497271815508102) 2025-07-22 03:21:47 UTC 1408 followers, XXX engagements "@thehighIQbeast Thanks for this. I think theres merit in exploring what else might he happening under the table. As my analysis pointed out the subsidy is just too large for that amount of hydrogen. I found that interview I think"  [@FootnotesGuy](/creator/x/FootnotesGuy) on [X](/post/tweet/1945254669745332412) 2025-07-15 22:50:29 UTC 1410 followers, XX engagements "The last gasp of sensible-sounding apologetics is about focusing on "most promising uses". Like. as a feedstock for an existing ammonia production plant. That's Orica. If it doesn't work there it won't work anywhere. And it doesn't work there. 5/"  [@FootnotesGuy](/creator/x/FootnotesGuy) on [X](/post/tweet/1944988704411361685) 2025-07-15 05:13:37 UTC 1411 followers, 1410 engagements "Suddenly everything makes sense. Neoen who are expert battery owner-operators saw the opportunity and super-sized it. They struck a fancy virtual-battery deal with AGL. And got the taxpayer (@CEFCAus) to give a cheap loan. 23/"  [@FootnotesGuy](/creator/x/FootnotesGuy) on [X](/post/tweet/1947572705970233614) 2025-07-22 08:21:31 UTC 1407 followers, XXX engagements "Follow-up. @DavidOsmond8 and @GilesParkinson have bitten back on Linkedin mostly. TLDR: "Of course the wind farm had subsidies. but this particular "stage" of said wind farm was financially islated from the rest of the wind farm so those subsidies don't count." 1/"  [@FootnotesGuy](/creator/x/FootnotesGuy) on [X](/post/tweet/1947497256900563438) 2025-07-22 03:21:43 UTC 1410 followers, 7416 engagements "Giles repeats this argument in the article. "Effectively subsidy free". That's what I'm calling false. The project (substage) also receives revenue from another buyer paying some unknown (higher) price including LGC's. So it's not 'subsidy free'. Even Stage 1A. 6/"  [@FootnotesGuy](/creator/x/FootnotesGuy) on [X](/post/tweet/1947497268703306056) 2025-07-22 03:21:46 UTC 1407 followers, XXX engagements "Simon is civil and inquires for sources. Ben reads him what the Capacity Investment Scheme says it'll do straight from the label on the tin. "underwrite revenue" which implies paying subsidies regardless of curtailment. Stephen cheekily exults in that. 7/"  [@FootnotesGuy](/creator/x/FootnotesGuy) on [X](/post/tweet/1945410174182977855) 2025-07-16 09:08:24 UTC 1410 followers, 1505 engagements "This thread ended up just focusing on just one of the wind farms in question Goyder South Stage X. Now let's look at Berrybank. Or Berrybank Stage X to be precise and address @GilesParkinson and @DavidOsmond8's critique. There's definitely a subsidy. Or. corruption. 1/"  [@FootnotesGuy](/creator/x/FootnotesGuy) on [X](/post/tweet/1947570974666461455) 2025-07-22 08:14:39 UTC 1410 followers, 5973 engagements "On Friday I appeared on @SkyNewsAust and commented Orica accepting a $430million subsidy for a 50MW green hydrogen project. I've just started running some numbers. I think it looks far far worse than I thought. 1/"  [@FootnotesGuy](/creator/x/FootnotesGuy) on [X](/post/tweet/1941762642793857193) 2025-07-06 07:34:24 UTC 1411 followers, 15.4K engagements "Before landing back with a call for political unity behind hydrogen Say. whaaat This is head-in-the-sand stuff. It's not working for really clear immutable fundamental reasons but. keep going anyway 🤯 4/"  [@FootnotesGuy](/creator/x/FootnotesGuy) on [X](/post/tweet/1944988701836136921) 2025-07-15 05:13:37 UTC 1395 followers, XXX engagements "And here's a Deutsche Bank announcing financial close later in June 2023. Including the battery. How does a project get fully constructed without the finance being squared away 5/"  [@FootnotesGuy](/creator/x/FootnotesGuy) on [X](/post/tweet/1947570986095939838) 2025-07-22 08:14:41 UTC 1410 followers, XXX engagements "The Goyder project doesn't sell all their power to the ACT government. So they can be cross-subsidised They also sell a chunk to BHP paired with this Blyth battery which they're pitching as "baseload". 🤨 3/"  [@FootnotesGuy](/creator/x/FootnotesGuy) on [X](/post/tweet/1947142353988501712) 2025-07-21 03:51:28 UTC 1410 followers, 1222 engagements "@CEFCAus @GilesParkinson The contract would go: "Could we the ACT give you GPG grid access approvals risk-free land for a battery just before the market opens that makes that opportunity transparently lucrative and we have to run a proper auction. and you give us cheap wind in return" 30/"  [@FootnotesGuy](/creator/x/FootnotesGuy) on [X](/post/tweet/1947581207249871268) 2025-07-22 08:55:18 UTC 1410 followers, XXX engagements "First I had missed the two distinct "Stages" of Berrybank which weren't highlighted in any of the reporting on @renew_economy on David's thread the Pemier's media release the government website etc. My bad. 2/"  [@FootnotesGuy](/creator/x/FootnotesGuy) on [X](/post/tweet/1947570976914608234) 2025-07-22 08:14:39 UTC 1408 followers, XXX engagements "The other wind farm is Berrybank. Here is the wind farm's own website proudly exclaiming that they were awarded support under the Victorian Renewable Energy Auction Scheme. These schemes are the ultimate subsidy. XX year PPA signed at an unknown price. 6/"  [@FootnotesGuy](/creator/x/FootnotesGuy) on [X](/post/tweet/1947142364914712799) 2025-07-21 03:51:30 UTC 1407 followers, XXX engagements "@DavidOsmond8 But do you have anything in particular on the individual contracts Or do you just assume they always do the same thing in energy deal"  [@FootnotesGuy](/creator/x/FootnotesGuy) on [X](/post/tweet/1947077410572410891) 2025-07-20 23:33:24 UTC 1405 followers, XX engagements "In context that could be XX% of what the ACT has committed to for the MWh actually generated from wind. It's not small And with increasing wind/solar decreasing gas/coal every chance the FCAS demand and revenue for supply grows. 22/"  [@FootnotesGuy](/creator/x/FootnotesGuy) on [X](/post/tweet/1947571037060927834) 2025-07-22 08:14:54 UTC 1410 followers, XXX engagements "Just to give you an idea if you pass the contract to ChatGPT4 it gives you exactly the wrong answer. It still thinks that the revenue would be underwritten. 5/"  [@FootnotesGuy](/creator/x/FootnotesGuy) on [X](/post/tweet/1945764267455807559) 2025-07-17 08:35:26 UTC 1410 followers, XXX engagements "Here's the Clean Energy Finance Corporation @CEFCAus boasting about putting $100million of finance into Stage X of the Goyder South project which is paired with the Blyth Battery. Is that subsidy-free 2/"  [@FootnotesGuy](/creator/x/FootnotesGuy) on [X](/post/tweet/1947142351601950845) 2025-07-21 03:51:27 UTC 1410 followers, 1468 engagements
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
@FootnotesGuy Aidan Morrison
Aidan Morrison posts on X about finance, linkedin, auction, happened the most. They currently have XXXXX followers and XXX posts still getting attention that total XXXXX engagements in the last XX hours.
Engagements: XXXXX #
- X Week XXXXXX +148%
- X Month XXXXXXX +266%
Mentions: XX #
Followers: XXXXX #
- X Week XXXXX +8.80%
- X Month XXXXX +31%
CreatorRank: XXXXXXX #
Social Influence #
Social category influence technology brands social networks countries finance stocks
Social topic influence finance, linkedin #73, auction, happened, reverse, $100million #1, all the, underway, $430million, 10x
Top Social Posts #
Top posts by engagements in the last XX hours
"But it doesn't fit at all with what happened with Neoen's Goyder Stage 1a bid which came in at an even lower price. They wanted to build 5X then 10X that amount. Why "emerging market opportunities" Okkkkkk. 17/"
@FootnotesGuy on X 2025-07-22 08:14:49 UTC 1410 followers, XXX engagements
"@CEFCAus But the ACT government is NOT paying them to build the battery. Here's the legislative instrument that pays them for the 100MW of wind at Berrybank X. There's that $55/MWh feed-in rate. Zero mention of battery. 26/" @FootnotesGuy on X 2025-07-22 08:33:04 UTC 1408 followers, XXX engagements
"Do they think that some proponents will have incompetent lawyers and not notice Insane. Again. because he's still hiding Simon's mate is a snake and a coward. How dare he give SHaC an official "cleared" statement to bandy it on LinkedIn but obfuscate in officialdom. 16/" @FootnotesGuy on X 2025-07-17 08:35:35 UTC 1410 followers, XXX engagements
"Here's the official Victorian government website confirming it and a media release from the Victorian Premier bragging about it too. The "reverse auction was the largest auction ever held". 7/" @FootnotesGuy on X 2025-07-21 03:51:31 UTC 1410 followers, 1207 engagements
""No you're wrong because my friend in high public office assured me in private that I'm right." This is the "SHaC excuse" for ignoring uncomfortable facts. Last week @simonahac tried it on @EnergyWrapAU who patiently and exquisitely dismantled Simon from public sources. 1/" @FootnotesGuy on X 2025-07-16 09:08:19 UTC 1410 followers, 34.2K engagements
"To market it as "baseload" they need the battery. Alongside $100million CEFC finance the BESS has an outright grant of $17million from the Australian Renewable Energy Agency @arenagovau. That's a subsidy. That can help cross-subsidise power for the ACT government. 4/" @FootnotesGuy on X 2025-07-21 03:51:28 UTC 1408 followers, 1186 engagements
"Last few days Ive noticed this phenomenon among renewabros. They point to some low numbers being paid for wind and solar. And think thats evidence that theyre putting downward pressure on prices. The opposite is true. Weird but true. 1/" @FootnotesGuy on X 2025-07-19 05:14:42 UTC 1410 followers, 3689 engagements
"And here's a long list of all the "Ancillary Services" that the battery will provide. Traditional spinning thermal generators used to provide all of them for free. So we're creating new markets for all the fancy band-aids the wind-solar system needs. More cross-subsidies. 5/" @FootnotesGuy on X 2025-07-21 03:51:29 UTC 1407 followers, 1189 engagements
"The timing is important. The media release is X January. But refers to completing financial close "in December". (No date) Presumeably that means very late December hard to get the press release out with everyone on holidays. 8/" @FootnotesGuy on X 2025-07-22 03:21:47 UTC 1408 followers, XXX engagements
"But instead the media release for Stage 1a from the actual company confirms that the construction for the ENTIRE project Stage including BHP's Stage 1b is underway. There couldn't be clearer confirmation that the finances are linked. 14/" @FootnotesGuy on X 2025-07-22 03:21:51 UTC 1408 followers, 1316 engagements
"Im not sure about the Waymo thing. The whole phenomenon of private vehicle ownership is a case study in option-value. Lots of people own cars for options they rarely exercise. Like a camping trip or visit to the now. Im not sure ownership will plummet. But I agree with the conclusion that those assumptions on AEMOs part are definitely still ridiculous" @FootnotesGuy on X 2025-07-23 22:26:58 UTC 1410 followers, XX engagements
"These are the lucky 6GW CIS winners in Round X. Their curtailment is underwritten by taxpayers. Barwon Elaine Mokoan. solar farms expecting 30-50% curtailment. underwritten Imagine how pissed you'd be if you were waiting for the next round and missed out 17/" @FootnotesGuy on X 2025-07-17 08:35:36 UTC 1410 followers, XXX engagements
"The context is here. AEMO releases some modelling showing that vast proportions of the projected wind and solar being built will be 'constrained'. I.e. wasted. Unless utterly implausible amounts of transmission get built. 2/" @FootnotesGuy on X 2025-07-16 09:08:19 UTC 1398 followers, 4427 engagements
"This change is only clear if you trace your way through all the equations and get confidence in them. As Ben and @DavidOsmond8 have done. But the contracts still explicitly include curtailment in the Force Majeure definition so it's confusing at a glance. 4/" @FootnotesGuy on X 2025-07-17 08:35:25 UTC 1410 followers, XXX engagements
"The Minister has made @AEMO_Energy the administrator of the CIS so that no Freedom Of Information claim can be made. And they never have to answer to Senate Estimates. The pro-forma can be modified. AEMO's assessment of merit will remain secret. And then. 20/" @FootnotesGuy on X 2025-07-17 08:35:37 UTC 1410 followers, XXX engagements
"If some combination of rooftop solar batteries and EV charging was to stack up financially anywhere it would be a daytime retail business with giant roofs and sprawling carparks. It still doesn't. So taxpayers help fund it" @FootnotesGuy on X 2025-07-11 04:18:14 UTC 1411 followers, 5319 engagements
"So the essence of David's thesis which Giles quoted is that because ACT got all the LGC's within the same price quoted for energy there's no extra subsidy revenue. That's an "all-inclusive" price including any implicit subsidy. 5/" @FootnotesGuy on X 2025-07-22 03:21:45 UTC 1407 followers, XXX engagements
"@CEFCAus This is GPG's media release. The battery is "part of the commitments" and in "partnership with TransGrid" to "support the ACT distribution grid". The world is upside-down. They're not delivering anything to the ACT. The ACT is giving them a hand-out. 27/" @FootnotesGuy on X 2025-07-22 08:40:21 UTC 1408 followers, XXX engagements
"But at the end Giles leaves this remarkable note of surprising specificity about the battery requirement. Spelling out the "obligation" on tenderers. 10MW and 20MWh per 100MW of wind. That fits what happened at Berrybank X. 16/" @FootnotesGuy on X 2025-07-22 08:14:48 UTC 1410 followers, XXX engagements
"So if there was a nice air-gap between the close of finance for Stage 1A and the massive deal-making announcements from BHP and the Australian federal government backing Stage 1B I'd take Giles and David financial isolation argument seriously. 13/" @FootnotesGuy on X 2025-07-22 03:21:51 UTC 1408 followers, XXX engagements
"Simon bites. He's sure that the energy transition he's defending would never do such a terrible thing. To which Morten Frisch expresses some relief. But Ben and Stephen point out the subsidy schemes in Australia are just getting started and assert CIS will do that. 6/" @FootnotesGuy on X 2025-07-16 09:08:23 UTC 1410 followers, 1573 engagements
"That's weird because that's when it was mean to be operational. Including the battery. Could there be a mistake in the financial close 4/" @FootnotesGuy on X 2025-07-22 08:14:41 UTC 1408 followers, XXX engagements
"@CEFCAus @GilesParkinson That would be the good version. Where ACT taxpayers capture full the value of the commercial opportunity conferred onto GPG. (And Neoen.) That would be a subsidy. If anyone else received any benefits from conferring those rights well that would probably be corruption. 31/" @FootnotesGuy on X 2025-07-22 08:59:52 UTC 1410 followers, XXX engagements
"@CEFCAus Meanwhile GPG a subsidiary of Naturgy had never built a battery anywhere in the world. Ever. As Renew Economy proudly boasts in this headline. Isn't there anything odd about a company with no battery pedigree being chosen to build a battery 24/" @FootnotesGuy on X 2025-07-22 08:24:22 UTC 1408 followers, XXX engagements
"Chris Bowen will make the final decision. That gives every wind and solar proponent both a strong argument and powerful incentive to persuade Chris Bowen himself to underwrite their project like those before. 21/" @FootnotesGuy on X 2025-07-17 08:35:38 UTC 1410 followers, XXX engagements
"If you do something early in your career which a few years later looks really really dumb I think it's best to acknowledge the blunder and be proactive in pointing out how others can avoid doing the same. Or. you could do this 1/" @FootnotesGuy on X 2025-07-15 05:13:34 UTC 1411 followers, 10.6K engagements
"For the sake of story-telling let's now consider whether Stage 1A may have benefited from subsidies for Stage 1B. The Media release for financial close on Stage 1A boasts about 1B and says construction is underway on both. 7/" @FootnotesGuy on X 2025-07-22 03:21:47 UTC 1408 followers, XXX engagements
"@thehighIQbeast Thanks for this. I think theres merit in exploring what else might he happening under the table. As my analysis pointed out the subsidy is just too large for that amount of hydrogen. I found that interview I think" @FootnotesGuy on X 2025-07-15 22:50:29 UTC 1410 followers, XX engagements
"The last gasp of sensible-sounding apologetics is about focusing on "most promising uses". Like. as a feedstock for an existing ammonia production plant. That's Orica. If it doesn't work there it won't work anywhere. And it doesn't work there. 5/" @FootnotesGuy on X 2025-07-15 05:13:37 UTC 1411 followers, 1410 engagements
"Suddenly everything makes sense. Neoen who are expert battery owner-operators saw the opportunity and super-sized it. They struck a fancy virtual-battery deal with AGL. And got the taxpayer (@CEFCAus) to give a cheap loan. 23/" @FootnotesGuy on X 2025-07-22 08:21:31 UTC 1407 followers, XXX engagements
"Follow-up. @DavidOsmond8 and @GilesParkinson have bitten back on Linkedin mostly. TLDR: "Of course the wind farm had subsidies. but this particular "stage" of said wind farm was financially islated from the rest of the wind farm so those subsidies don't count." 1/" @FootnotesGuy on X 2025-07-22 03:21:43 UTC 1410 followers, 7416 engagements
"Giles repeats this argument in the article. "Effectively subsidy free". That's what I'm calling false. The project (substage) also receives revenue from another buyer paying some unknown (higher) price including LGC's. So it's not 'subsidy free'. Even Stage 1A. 6/" @FootnotesGuy on X 2025-07-22 03:21:46 UTC 1407 followers, XXX engagements
"Simon is civil and inquires for sources. Ben reads him what the Capacity Investment Scheme says it'll do straight from the label on the tin. "underwrite revenue" which implies paying subsidies regardless of curtailment. Stephen cheekily exults in that. 7/" @FootnotesGuy on X 2025-07-16 09:08:24 UTC 1410 followers, 1505 engagements
"This thread ended up just focusing on just one of the wind farms in question Goyder South Stage X. Now let's look at Berrybank. Or Berrybank Stage X to be precise and address @GilesParkinson and @DavidOsmond8's critique. There's definitely a subsidy. Or. corruption. 1/" @FootnotesGuy on X 2025-07-22 08:14:39 UTC 1410 followers, 5973 engagements
"On Friday I appeared on @SkyNewsAust and commented Orica accepting a $430million subsidy for a 50MW green hydrogen project. I've just started running some numbers. I think it looks far far worse than I thought. 1/" @FootnotesGuy on X 2025-07-06 07:34:24 UTC 1411 followers, 15.4K engagements
"Before landing back with a call for political unity behind hydrogen Say. whaaat This is head-in-the-sand stuff. It's not working for really clear immutable fundamental reasons but. keep going anyway 🤯 4/" @FootnotesGuy on X 2025-07-15 05:13:37 UTC 1395 followers, XXX engagements
"And here's a Deutsche Bank announcing financial close later in June 2023. Including the battery. How does a project get fully constructed without the finance being squared away 5/" @FootnotesGuy on X 2025-07-22 08:14:41 UTC 1410 followers, XXX engagements
"The Goyder project doesn't sell all their power to the ACT government. So they can be cross-subsidised They also sell a chunk to BHP paired with this Blyth battery which they're pitching as "baseload". 🤨 3/" @FootnotesGuy on X 2025-07-21 03:51:28 UTC 1410 followers, 1222 engagements
"@CEFCAus @GilesParkinson The contract would go: "Could we the ACT give you GPG grid access approvals risk-free land for a battery just before the market opens that makes that opportunity transparently lucrative and we have to run a proper auction. and you give us cheap wind in return" 30/" @FootnotesGuy on X 2025-07-22 08:55:18 UTC 1410 followers, XXX engagements
"First I had missed the two distinct "Stages" of Berrybank which weren't highlighted in any of the reporting on @renew_economy on David's thread the Pemier's media release the government website etc. My bad. 2/" @FootnotesGuy on X 2025-07-22 08:14:39 UTC 1408 followers, XXX engagements
"The other wind farm is Berrybank. Here is the wind farm's own website proudly exclaiming that they were awarded support under the Victorian Renewable Energy Auction Scheme. These schemes are the ultimate subsidy. XX year PPA signed at an unknown price. 6/" @FootnotesGuy on X 2025-07-21 03:51:30 UTC 1407 followers, XXX engagements
"@DavidOsmond8 But do you have anything in particular on the individual contracts Or do you just assume they always do the same thing in energy deal" @FootnotesGuy on X 2025-07-20 23:33:24 UTC 1405 followers, XX engagements
"In context that could be XX% of what the ACT has committed to for the MWh actually generated from wind. It's not small And with increasing wind/solar decreasing gas/coal every chance the FCAS demand and revenue for supply grows. 22/" @FootnotesGuy on X 2025-07-22 08:14:54 UTC 1410 followers, XXX engagements
"Just to give you an idea if you pass the contract to ChatGPT4 it gives you exactly the wrong answer. It still thinks that the revenue would be underwritten. 5/" @FootnotesGuy on X 2025-07-17 08:35:26 UTC 1410 followers, XXX engagements
"Here's the Clean Energy Finance Corporation @CEFCAus boasting about putting $100million of finance into Stage X of the Goyder South project which is paired with the Blyth Battery. Is that subsidy-free 2/" @FootnotesGuy on X 2025-07-21 03:51:27 UTC 1410 followers, 1468 engagements