From Next Investor email...interpretation with you yesterday.
After a few readers responded with a different interpretation of the announcement wording, we emailed PRL CEO David Francis and asked if he was able to comment on speculation on the deal, here is what he said:
“The intention is for Total Eren to fund, own and operate the upstream renewable power facility and the partners (Total Eren & PRL) to own all of the downstream assets (hydrogen production and distribution) 50:50.”
So Total Eren could be funding the ENTIRE cost to develop a potential 8GW wind and solar plant.
From Next Investor email...interpretation with you...
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