VUL megathread, page-4396

To pick the eyes from the Kohler interview:

- For the build past FID, they expect to get green financing with BNP Paribas leading and should shave some basis points off the borrowing cost
- Going forward they favour selling Heat rather than power
-- Heat is the elephant in the room with respect to German decarbonization
-- Heat is relatable and of direct benefit to the locality, versus abstract provision of power into a grid that happens to be renewable
-- There is strong demand for renewable heat
-- heat is more profitable than power
-- Flexible to sell heat or power, depending on circumstances
-- currently in discussions with local councils for heat offtakes, due in next few months
- DFS will likely use updated pricing for lithium to improve NPV (ie. spot is north of 50K/t and DFS based on ~15K/t).
- He's repeated his statement they were 3x oversubscribed on output for the first 5 years
- 'eventually, I suppose, we want to take our knowledge and our IP global, so we are looking at global opportunities for geothermal plants that would have the potential to produce zero carbon lithium.'