Bank of Korea to Conduct 1.5 Trillion Won Bond Purchase on the 9th
Bank of Korea to inject liquidity with a 1.5 trillion won ($1.1 billion) bond purchase scheduled for the 9th, signaling proactive market support.
[US Interest Rates and Exchange Rates Surge] 'Market Support Levels Unclear... Shock from US Interest Rate Spike'
KOSPI falls below 2,300 as US interest rates surge, experts struggle to identify market support levels amid global economic uncertainties
Woori Financial Group Establishes Additional 97 Billion Won Real Estate Project Financing Stabilization Fund
Woori Financial Group establishes 97 billion won PF stabilization fund to support real estate market, expanding scope to include project restructuring and auction balance payments
My latest research paper on Assessing the Costs of Commercialising Tidal Energy in the UK is now online
We investigated the amount of market suppport needed for #TidalEnergy, on the premis that cost reductions with increasing deployment happen similarly to other renewabe tecnologies.
https://doi.org/10.3390/en17092085
#TidalPower #RenewableEnergy #MarketSupport #CostReduction #Innovation #LearningRates
Assessing the Costs of Commercialising Tidal Energy in the UK
There is a need for increased renewable energy to meet net-zero targets and decarbonise the economy. Harnessing the predictable power of the tides with tidal stream turbines can contribute to this. Tidal energy is a nascent technology with higher costs at present. However, cost reductions have been observed with an increased deployment in other renewable energy technologies that have received financial support, and it is postulated that similar will happen with tidal energy. The first tidal stream projects have been awarded market support in the UK through the Contracts for Difference (CfD) scheme, with almost 100 MW expected to be commissioned by 2028. This work uses learning rates to investigate how much investment in ongoing market support might be needed to achieve cost reductions through subsidised deployment alongside research and innovation. Using a range of informed ‘what if?’ scenarios, it shows sensitivity to key inputs. The results show that the support needed is most sensitive to the learning rate, reducing it from 15% to 12.5% or 10% doubles or more than quadruples the investment required, respectively. The support is also highly dependent on the starting cost from which learning occurs, taken as the CfD Strike Price in 2025. Varying this between 156 and 220 GBP/MWh results in total investment of GBP 6.7 and 22.3 bn, respectively. Most importantly, a balance is needed between subsidising deployment to drive down costs through learning and funding innovation to maintain a high learning rate.
📊 4/6: The Role of Quality Sponsorship
Support from high-quality institutional sponsors not only validates the stock's potential but also provides the necessary market support to sustain its upward trajectory. Quality sponsorship is a key indicator of a stock's strength.
#InstitutionalInvesting #MarketSupport
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Donald R Noble
MM