$100m per annum over ten years= $1Bn in total not per annum. They havve expressed it this way so that the low revenue in the earlier years is averaged out and we all can see the overall benefit. What they don't tell us though is the anticipated profit margin 0f which 40% will come to AFC. But AFC should get some additional revenue from selling the Kore units to the JV but again they don't say how much.
The mid price in my Barclays account says 30p, bit odd when it was a 25.25p close..
RE: US$1bn per annum..?
I'd have thought so. This is the original from March 10th. 'Assuming a gross output of 50MW from the fuel cell park, the joint venture is expected to generate revenues from the sale of electricity and Renewable Energy Certificates (RECs) over a 10 year period of just under US$1bn.'
US$1bn per annum..?
Surely a misprint..?
US$1bn per annum..?
Expected ANNUAL revenues are US$1bn for the JV over 10 years of operation
Moving forward We have a lot of expected news flow coming up over the next few months, both in the development of the POWER-UP project, and in regards further growth in our project pipeline. With the Samyoung-Changshin project now moving forward with negotiations on the suite of project agreements expected to commence over the next quarter, whilst in parallel continuing to work on engineering and costing studies for the project, we hope to see good progress over the next quarter as well. As mentioned, we are also working on concluding further commercial agreements around the world and hope to be making further announcement in this respect. Ultimately, having seen the potential opportunities for AFC and its leading alkaline fuel cell technologies, not only in Korea, but internationally, I firmly believe that we will be able to achieve our target of 1 GW (1,000 MW) of capacity under development by the end of 2020.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.