Ladies and gentlemen, today's news from the government is going to be where things get really interesting and fast.
Here's how I see what's going to unfold...
A $6.7 billion tax incentive for hydrogen, offering $2 subsidy per kg for up to 10 years per project
* Watch the massive projects that will be announced, particularly those that have already proven the speed at which they've arrived at FID stage.
* Serious capital will show up.
* Strategic partnerships will be formed.
* It's what's going to make these prospective projects viable.
What the market also hasn't got it's head around is the Capacity Investment Scheme.
"Unlocking $65 billion of renewable energy capacity through the continued roll out of the Capacity Investment Scheme."
https://www.pm.gov.au/media/investing-future-made-australia
Here's information on the CIS..
https://www.dcceew.gov.au/energy/renewable/capacity-investment-scheme
I believe this is just the beginning folks. This completely changes the landscape.
Buckle up, these share price levels won't last long.
Tony
Ladies and gentlemen, today's news from the government is going...
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Last
$24.37 |
Change
0.310(1.29%) |
Mkt cap ! $75.03B | |||
| Open | High | Low | Value | Volume |
| $24.49 | $24.55 | $24.29 | $90.31M | 3.681M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5859 | $24.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $24.37 | 41509 | 3 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
$24.30 |
Change
0.310 ( 0.89 %) |
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| Open | High | Low | Volume | ||
| $24.44 | $24.55 | $24.29 | 996350 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
| FMG (ASX) Chart |