Tick Tock....Lots of news still outstanding6 May 2021 14:26
In line with its strategy of working with local partners the Company has non-contracted tender opportunities worth a total potential pipeline value of €657 million, bringing the total pipeline to 58 at the end of 2020 (a further 17 were added post period, between January and March 2021)
Of 14 pipeline opportunities prioritised by the Company for immediate pursuit, 12 have been introduced through 5 partners.
Over a dozen new opportunities in Greece are identified for 2021 - 23 with a handful of those targeted for 2021.
a second project with Phoenix in Napa, California and a third project with Phoenix, in Wilseyville,
In Croatia, the Company is finalising a joint venture with local partner Sense ESCO d.o.o. that will pursue a portfolio of projects there including 2 in 2021 and a further 2 in 2022.
The UK's first plant employing EQTEC technology will be in Billingham, Teesside, currently under review by Idex Group ("Idex"),
Two other UK RDF projects are expected to progress in 2021 with similar milestones to the Billingham project:
1. Deeside, Flintshire with co-developer Logik Developments Limited
2. sustainable waste-to-energy solution for Toyota's engine manufacturing plant in Deeside.
3. Southport, Merseyside with co-developer Rotunda Group Limited.
Subject to Financial Close, construction is expected to commence at Deeside and Southport in 2022.
Collaboration agreement with Carbon Sole Group Limited 2 biomass-to-bioenergy plants are being developed, with 1 additional site under review. Updates on technology partners and planning progress are expected shortly.
recovery of two plants built with EQTEC technology, it will see EQTEC lead consortia to acquire, repower, own, and operate its technology in target markets such as Italy and Croatia.
The 2 plants are expected to be acquired in 2021, with the first acquisition nearing contract completion.
Framework Partnership Agreement (FPA) with MetalNRG plc (LON: MNRG
significant increase in new interest from Asia, the Middle East and Australia, including direct approaches by potential delivery partners, including EPC companies and their suppliers.
For 2021, the Group is targeting considerable, contracted sales growth from 6 - 8 projects across Europe.
Revenues from inflight projects, new projects and gradual growth from maintenance and consulting contracts are forecast to be approximately €15 million in 2021.
no deals dropped from the Company's pipeline and the cash balances of the Company on 31 December 2020 stood at €6.4 million.
With long-standing partners, the University of Lorraine the University of Extremadura as well as with private sector partners with whom the Company is currently finalising collaboration agreements,
it will pursue tests and research to enable usage of new types of feedstock, including all variations of RDF, sludge, and plastics; as well as a range of joint technologies for applications in biofuel, bio-SNG
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