APA 0.00% $8.39 apa group

APA general discussion.

  1. 1,435 Posts.
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    would be nice to see APA get a slice of this deal. The federal government seems to be cherry picking major companies to be involved in the transition to green energy, so I'm reasonably confident we'll see a few sweetheart deals go their way over the next 5 years. Not sure if the share price has bottomed here, but the chart looks promising.
    once it dawns on the average investor that APA is morphing into green energy the upside will be huge.
    Australia opens $2 billion tender to support massive green hydrogen projects.

    The federal government has kicked off the tender for its $2 billion hydrogen head-start program, which it describes as the largest ever funding program for renewable hydrogen, as Australia tries to compete for capital with the US and the EU.The program, to be managed through the Australian Renewable Energy Agency, will likely support three large green hydrogen projects in Australia and help bridge the commercial gap between the cost of producing renewable hydrogen, and the current market price for dirty hydrogen produced by fossil fuels.The hype around the hydrogen economy has tempered somewhat in the past year, but the technology is still seen as key to cut emissions in hard to abate sectors, including in the use of ammonia and fertilisers, green metals, and – some still hope – in heavy transport.Large scale Australian projects, however, have been sidelined by the rush of capital to the US because of the Biden Administration’s generous Inflation Reduction Act and supportive policies in the EU and elsewhere.These include those from Australia’s most forceful advocate of green hydrogen, iron ore billionaire Andrew Forrest, who has warned capital will go overseas without adequate local support, although his company is building an electrolyser factory in Queensland and this week signed a long term off-take agreement with what could be the country’s biggest solar farm for its Gibson Island hydrogen project.

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