Here are some highlights from the annual report...FinanceThe...

Here are some highlights from the annual report...

Finance
The financing offered to EnviroMission is a unique structure that will also commit funds to the project early in the development cycle.
Project finance models including tax equity structures and supplier finance are also being considered within the proposal.

The ‘pure equity’ project finance proposal announced by EnviroMission in Q1 to provide EnviroMission with 100% debt free project equity is still undergoing third party legal and banking due diligence.

The level of due diligence associated with the proposal represents the size and unique nature of the finance structure that will provide 100% of the project capital to deliver the La Paz Solar Tower project with zero debt.
Traditional project finance is not typically made available prior to finalisation of design and costing, however the ‘pure equity’ model proposed will provide project finance and development capital to deliver final design and costing.

They then included an image of the overall La Paz team. I am relieved and excited as it now appears that there has been activity behind the scenes. It doesn't change the fact that they should update us more regularly.

Also of note is the reference to several other tower opportunities both within and outside the US. This means they're gearing up for at least one more US tower (in a different jurisdiction - so not the 2nd La Paz tower) and at least one outside the US. Surely this is the India deal we heard about a while ago.

Might be tome to top up at these prices.