RNS10 Mar 2019 15:34
Having just re-read the Project Update, I really can't see anything negative in there. Apart from the fact that those looking for a short term gain may have been frustrated this was all really positive and looking at the end of March being absolutely packed full of significant updates. Just some key highlights for me responding to recent negative reaction
Marine Licence: In our opinion, all the studies show better results than previously indicated and within the current regulatory guidelines, hence we believe that the draft marine licence will be converted into a full marine licence at the appropriate time.
Equity Funding: We have, thus far, received no adverse comments to give us any cause for concern. We also continue to work with our other potential equity partners, some of whom have already undertaken a full due diligence process
EU Funding - just icing on cake: However, for the avoidance of doubt, no grant monies have been included in our economic models or in any of our discussions with equity and debt providers.
Community relations - Transparency: We will be holding local meetings towards the end of March 2019 to ensure local residents are fully briefed and up to date with progress on the Project.