HESTA’s intention to commit up to $100 million for the...

HESTA’s intention to commit up to $100 million for the development of Green Hydrogen Projects.
• The RNE Group will be responsible for delivery and operation of the Green Hydrogen Projects..(No commitments from HESTA)
• The RNE Group will be entitled to a fee for originating and progressing Green Hydrogen Projects. The agreed fee will reflect the status and progress of the relevant Green Hydrogen Project at the time HESTA invests.
• The RNE Group will be responsible for securing debt and grant funding for the Green Hydrogen Projects.
• HESTA will be provided a first right of refusal to invest in existing and new Green Hydrogen Projects. The parties may otherwise agree to add additional investors to the Green Hydrogen Projects.

Can we dissect this cleverly written piece of work just a little bit. Yes am reading between the lines but that’s an essential thing to do.
HESTA’s intentions with first right of refusal to let RNE be responsible
Nowhere does it indicate that HESTA will pay for any project implementation? Not that I see but am open to other interpretations.
RNE need to foot the bill to get the projects on the ground. Is that correct understanding?
IMO HESTA are not investing a dime unless a return is secured.
Is it possible everyone has jumped the gun a bit here.
Why call someone a Nob for having an opinion