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02/04/18
09:58
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Originally posted by Middleton
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* Offshore Solar Platform
* Kemerton 10mw solar- need lease
* Mungari 100mw solar/ 20mw battery- need lease & feasibility study ( game changer if a goer)
* SA ex Holden Elizabeth Plant- solar/ battery
* Northam Solar October completion? Merchant selling power & large developer fee to come
* GIMG - long term power agreement - selling soon
* Summerhill Solar Plant with ongoing operation/ maintenance agreed
* Kalbarri Battery with ongoing operation/ maintenance agreed
* Mount Peake ( TNG) mine and refinery opportunity through John Davidson tie up
* EMC Kimberly/ Guruma- supposedly millions in opportunities??
* Numerous WA govt. micro grid futures to bid on
* DOD contracts in play and future ops.
* Albany/ Ceto- in the background
I've probably missed some others, but I just wanted to satisfy in my own mind what I see as a most important 9 months re: REVENUE for CCE
I have mentioned before that from MO's presentation in Adelaide a year or so ago this was his very theme- revenue , build,own,operate. NOTHING in the ensuing 12 months appears to have varied too much from this agenda.
The last set of financials showed of course a cash burn, I believe as a result of growing pains, however there was also a sizeable increase in revenue. That revenue needs obviously an exponential increase as projects are completed and some ongoing maintenance etc. kicks in. I remain optimistic and just a little excited for the rest of this year.
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As your list shows, the overwhelming activity is in microgrid technology. Not only does it far exceed wave energy in volume, it is occurring now.
For that reason, I focus on that side of the business while treating wave energy as an interesting back story.
With the increased activity in microgrids I have noticed that there is less criticism of it.
When wave energy reaches the same level of development, I expect there will be less criticism of it as well.
I'm with you Middleton, I think we are in for a big year.