VUL megathread, page-6911

Vulcan has applied for German government and EU green and critical project grants related to the CRMA and German energy policies.

This potential grant money is huge. In the hundreds of millions of euro. the push back of financing timeline is because Vulcan is waiting for any grant applications to be processed so that they can hopefully receive some of this significant grant money and thus reduce the total finance needed via equity investment at the project level.

I recall the German energy investment policy is that for projects of strategic importance they can grant up to 40% of the needed finance for a project. I am by no means saying that Vulcan will get 40%, just saying that the potential grants on offer are massive and if we can land a little bit here and little bit there then the capex could be reduced significantly. Hence why the finance timeline has floated a little.