Member Info for noisyboy9

At present there is no Dividend timetable for 2023. Probably waiting for the KRG to pay the arrears

I would love to know but that info is hard to find!

My usual boring monthly update. In September the site produced 787 MWH or 3937 ROC. This is the best output with 2 turbines going full throttle. Hopefully the October figures will show the 3rd turbine going back online. Hopefully near 1200MWH

Planning consented (with conditions) at Committee Meeting just now, Unanimous in favour

Perhaps some good news, Looks as if the site has been granted pending some ecology/habitat conditions

https://documents.newport.gov.uk/PublicAccess_LIVE/SearchResult/RunThirdPartySearch?FileSystemId=PL&FOLDER1_REF=22/0823

I think 2022 should see around 8.5GWH total taking into account the 3rd turbine coming online in October

http://137.221.2.131:8888/meygen.cfm?key=ksef8lLUHF*US%3ELKJSsdas8&inst=0&day

Conditions data from Turbine 1A

Usual lag in figures but the Meygen site produced 3798 ROC and 760MWh in August.

Was also just having a look at Newport Planning Portal, Looks as if the BESS is pretty nearly over the line judging by the documentation and comments from NRW, Ecology and Utilities

We’ve flogged off all our talented staff so we’ve had to employ someone else expensive

It looks to me like they have walked off Without any of the debt!

Well there it is, They’ve let it go for a song and hardly taken any debt with it. Amazing

https://www.orkneyharbours.com/info/notices/meygen-array-inner-sound-pentland-firth

I wouldn't get too excited , I think contractually they have to carry out an annual survey of the site!

I've just written to Investor Relations saying their communication is Diabolical, Suggest others follow suit!

This really should have been an RNS rather than a post on Twitter !

@Deutscher, Currently each turbine is doing around 350MWH per month so around 4GWH per year. There is a lag on the figures fed to the grid but last info I can see is 691MWH from site in June 2022 (2 Turbines)

For Meygen in FY 2022 I'm pencilling in 8.5GWH based on data from H1 and Third turbine going online now , If they get the fourth in the Water by April 2023 it should be around 15GWH in 2023. Would be interested to know in the estimated revenue on that in FY 22 and FY 23?

Have a google of "Lessons learnt from Meygen 1A"

approx £5m per turbine ?

ORIGINAL PROJECT BUDGETS
The total capital budget agreed at financial close in October 2014 for Phase 1A was £51.3m and the operating budget was c. £1.4m/year. Table 1 shows the split of the capital cost across a number of cost centres and similarly Table 2 shows the split of the operating budget.

CAPEX COST CENTRE
PROPORTION OF TOTAL
Project initiation and management. 7%
Insurance. 2%
Onshore infrastructure and grid 19%
Offshore works 13%
Cabling (including horizontal directional drilling) 9%
Substructures 11%
Turbines 39%

TOTAL
100%

Doesn’t really inspire one with confidence. Also the fact they can’t be bothered to post the figures in an RNS