GNX 0.00% 27.5¢ genex power limited

Ann: Genex Executes QLD 150 Solar Support Deed and Commences Work, page-10

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    Ahh, found it, thanks.

    "Solar Project The Solar Project (50 MW) will be the first project to generate revenue for the company. We estimate that in FY20E, the Solar Project will contribute EBITDA of $12.3m. The Solar Project is expected to be at full capacity from Q417. In calculating the guaranteed minimum revenue, we assume that 145,000MWh is available, the panel degradation rate is 0.35% pa and that the floor price agreed with the State is $89 per MWh. We assume that the Solar Project will be funded by debt at the project level and not with funds from a Institutional Research & Dealing 4 PSHP active Solar used to pump water for PSHP PSHP active Cycle repeats Grid Power used to pump water for PSHP subsequent capital raise."

    Also says this:

    "- The QLD government (State) has agreed to a 20 year deal with Genex for the supply of 100% of the power generated from the Solar Project.

    - The deal is structured as a one way CFD. The State will pay a minimum floor price (likely to be around ~$90) and when the spot price exceeds the floor price, GNX will receive the spot price. The large-scale generation certificates (LGC) (green certificates) are transferred to the State who may trade them at the prevailing market price."
 
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