THIS IS A REPOST BUT IT DOES THE MATH ON THE REVENUE FOR SWET
430 megawatts per hour all day every day 24/7/365. Or ~3,750,000 megawatts a year produced. Just a tad more than wind mills...................... This is a repost from before for you to understand everything.
SWET is doing there best to be as transparent as possible, but after listening to the last 2 calls it seems as though Mr. Pickett is limited to what he can say legally. Example would be how much money does the tower produce in a year. His answer is 12million a month paying down the tower over 20 years and SWET wants at least a 2-1 debt service ratio. This means they are going to do at least 24million a month. Now lest go more in depth to that question. Pickett said for us to do the math so here it is
1. ~430 MEGAWATT's (per hour every hour 24/7 365 days a year)
2. ~.11 cents a kilowatt is the going price of electricity
3. There are 1,000 kilowatts in one MEGAWATT
4. 430megawatt x 1,000 = 430,000 kilowatts per hour every day
5. 430,000kilowatts x 24 hours in a day = 10,320,000kilowatts in a day
6. 10,320,000kilowatts a day x 365 days = 3,766,800,000kilowatts in a year
7. 3,766,800,000kilowatts x .11 cents = 414,348,000
8. $414,348,000 / 12 months in a year = $34,529,000 a month
SWET should have revenue once built, (assuming they own 100% of the Arizona project, which Mr Pickett says that SWET expects to maintain controlling interest) of around $414,350,00 a year or ~$36,530,000 a month.
SO USING 430 megawatts average daily output selling electricity for .11 cents a kilowatt the tower will Make $414,348,00 a year in revenue, or ~34,529,000 a month. So with debt service being ~12,00,000 a month do 36,529,000 / 12,000,000 = 2.877 to 1 debt service.
So if SWET owns controlling interest at let's say 50% according to these calculations they will have revenue of 36,529,000/2 = $17,264,500 - (debt to pay down tower 12,000,000/2 = 6,000,000 for their portion of debt EQUALS A GRAND TOTAL OF $11,265,000 a month or $135,000,000 a year.
ID SAY WERE UNDERVALUED.
