CCE 10.3% 4.3¢ carnegie clean energy limited

Ann: Mungari Solar Farm, page-29

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  1. 871 Posts.
    lightbulb Created with Sketch. 48
    Todays announcement states "Carnegie Clean Energy Limited (ASX: CCE) is pleased to advise that after a competitive process, the
    Western Australian Department of Jobs, Tourism, Science and Innovation (JTSI), in collaboration with
    LandCorp, has awarded it in-principle approval to negotiate a lease for 250ha within the Buffer Zone
    of the Mungari Strategic Industrial Area, to build, own and operate a solar farm.
    "

    Downside is capital requirement to build it. Long term upside is continuous revenue from power sales (and hopefully other add ons like grid stability and peaking payments).

    I guess once Northam is up and running, CCE should have a much more solid track record in BOO projects. Funding is likely to be much easier and cheaper to negotiate then.
 
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