Investment security
Investment is secured by Eagle Rock Holdings Pty Ltd, projected evaluation at $10 MIL
First mortgage over 176 hectares of Eagle Rock land
With permission to connect for 60MW solar
With permission to connect for 120MW of mechanical energy storage
With permission to connect for 10MW wave energy
Valuation of $10 MIL derived from:
1
60MW SOLAR
Each megawatt of solar requires 1 hectare of land
60MW = 60 ha x $7000/ha/annum
= $420,000 per annum + CPI
Based on 25 year solar manufacturer warranty, lease will extend for 25+ years
2
120 MW MECHANICAL STORAGE
Each megawatt of solar requires 1 hectare of land
120MW = 120 ha x $7000/ha/annum
= $840,000 per annum + CPI
Based on 25 year solar manufacturer warranty, lease will extend for 25+ years