"Solar Project The Solar Project (50 MW) will be the first project to generate revenue for the company. We estimate that in FY20E, the Solar Project will contribute EBITDA of $12.3m. The Solar Project is expected to be at full capacity from Q417. In calculating the guaranteed minimum revenue, we assume that 145,000MWh is available, the panel degradation rate is 0.35% pa and that the floor price agreed with the State is $89 per MWh. We assume that the Solar Project will be funded by debt at the project level and not with funds from a Institutional Research & Dealing 4 PSHP active Solar used to pump water for PSHP PSHP active Cycle repeats Grid Power used to pump water for PSHP subsequent capital raise."
Also says this:
"- The QLD government (State) has agreed to a 20 year deal with Genex for the supply of 100% of the power generated from the Solar Project.
- The deal is structured as a one way CFD. The State will pay a minimum floor price (likely to be around ~$90) and when the spot price exceeds the floor price, GNX will receive the spot price. The large-scale generation certificates (LGC) (green certificates) are transferred to the State who may trade them at the prevailing market price."
GNX Price at posting:
19.8¢ Sentiment: None Disclosure: Not Held
