Yeah, OK so then as a positive, we could see project revenue hit the books in 2022 then @ ~20% GM. So >$3M GM in 2022.
Ongoing revenue per solar farm is going to be much less, but as long as they can keep building them, thats not so bad tbh.
20 x $1.2M gross margin is a nice proposition over the next 5 years say, with any ongoing revenue a cherry on top. It does suggest to me though that the business model for BOO isnt quite so different to previously, BUT it does mean workload is self generated (pun intended).
Ann: Presentation - Actioning the Build Own Operate Strategy, page-5
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