Got to look at the longer term. Remember their 49% interest is returned after six years. This is merely a prudent means to a very profitable end.
“Following the end of year six after project financial closing, Youbisheng must sell-back to Altech all of the HPA project interest that it acquired for a price that would deliver a 15% return per annum for Youbisheng. Altech also has the option to trigger the sell-back at any time before this under the same terms”.
This is is a tough market to raise funds, and let’s see how all the other fledgling HPA hopefuls fund their projects. A bird in the hand is worth two in the bush. I wish them luck.
Ann: Altech - Launch of German Project Equity Strategy, page-87
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