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Gas peaking projects are not bought by anyone.
In being such a doom munger, it may help if you actually understood a bit more about this.
For the record the gas is what is sold, not the plant. It's sold to energy providers so that they can aggregate their supply and demand.
That's a target. You may not believe that they will get there and that is your choice.
This is the first deal, with more details to follow.
They have a competent experienced CEO who has experience of deals which would warrant this valuation. The company has the funding available to warrant this, so lets wait and see.
I don't think so. Matt the CEO also has experience in the energy sector, including the funding thereof. Green energy is one of the potential routes forward which he outlined in a Zoom call with shareholders.
From the little he has said he doesn't come across as someone who takes a punt.
This is not really about the Arlington accounts though.
The JV is about the funding and experience of delivering projects.
Look at the backgrounds of those involved. Matthew Clare has delivered these projects before and Matt from DKE have experience in oil and gas, as well as funding projects on multiples of this deal.