1) $3M upfront payment
2) $4M in milestones payment
3) % of MW installed payment upon FID
4) 1 - 2% royalty on electricity generated
Decent terms of sales. The surprise will be the payment upon FID, typical CAPEX for solar and winds projects are $1.0M/MW and $1.6M/MW respectively. If we could get 1% of that, it would mean ~$13M for 1GW.
Now we can focus on progressing the vanadium project.. still pending the Scoping Study..
Ann: QEM sells Julia Creek Renewables Project assets to Enel, page-2
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