CCM 7.69% 5.6¢ cadoux limited

Ok here's a bit of info, found on FMG's HC site, that will have...

  1. 55 Posts.
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    Ok here's a bit of info, found on FMG's HC site, that will have the potential to send people down a rabbit hole full of speculation......

    There ismention of Alcoa in the 100 megawatt solar farm in WA.

    2011Mining billionaire Andrew Forrest is funding a solar farm in WesternAustralia's Wheatbelt. Sydney firm Sun Brilliance has plans for a 100-megawattsolar project at Cunderdin, about two hours east of Perth, but has hit a rangeof financing problems. It has also faced difficulties in connecting to thegrid.Reports say Mr Forrest has agreed to buy into the project through SquadronEnergy, part of his private investment vehicle Minderoo. The terms of thealleged deal are unknown, but Mr Forrest's final commitment is expected todepend on whether the solar farm can secure grid access.

    SunBrilliance chair Ray Wills has confirmed to reporters that an offtake deal iscrucial to gaining investors’ support.

    Accordingto the ABC, that offtake agreement will run for 10 years and involve aluminiumgiant Alcoa.

    Hewould not name the project’s buyer. “Certainly, we've been involved in verypositive discussions over the last two months,” Professor Wills said.

    “Ican't comment on who we're having those discussions with at this time, butwe're certainly very happy with the calibre of the investor we're talking to.

    “We'vebeen looking for partners to support us to ensure that we can guarantee thesuccess of the project … and it's been great to find that support.



 
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