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Originally posted by ssyd
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Should I go or should I stay?"As part of securing the construction finance facility, Carnegie undertook a corporate debt restructure including the wind up of its $2.8million unlisted convertible note, first previously announced to the ASX on 9 October 2017. Under the terms of the convertible note conversion and wind up, upon successful execution of the detailed documentation for the Northam Solar Construction Finance facility, Carnegie will now issue to the convertible note holders 19.6 million ordinary shares and 35 million unlisted five-year options with an exercise price of 6.0c. Additionally, Carnegie has now restructured its $5m EMC unlisted convertible notes, to remove the general security arrangements associated with these notes, in return for lowering the exercise price to 4.0c per share. " "The Build, Own and Operate 10 MW Solar Power Station in Northam, Western Australia, will consist of approximately 34,000 solar panels constructed on 25 Hectares of strategically located land to deliver approximately 24,000 MWh of electricity per annum for at least the next 25 years. "
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I think you will find that the $86 you refer to is for Large Scale Generation Certificates awarded for every MWh generated. This amount is on top of whatever power is sold to the grid. As they don't have a power purchase agreement, the amount they receive by going merchant, will vary.
