EnviroMission Ltd. (EVOMY)

[tykundegex]

EVM takes 2 steps to break ground in Arizona:


Arup Engineering Services Engaged by EnviroMission
http://www.enviromission.com.au/EVM/Company/ShowPage.aspx?CPID=1178&EID=27674141&PageName=ARUP%20Engineering%20Services%20Engaged%20By%20EnviroMission

..and...

EnviroMission’s Arizona Development Takes First Step in Regulatory Proces
http://www.enviromission.com.au/irm/Company/ShowPage.aspx?CPID=1181&EID=99692904

In this last one, they go on-record as stating that the 2x200MW towers will generate 2 billion kWh per year. In another article I read, EVM estimates the total cost of each (?) tower to be $1b.

Based on a separate RFP from the SCPPA, the power generated would likely fetch $0.12/kWh (source: http://www.scppa.org/Downloads/RFP/RenewableEnergyProjects013111final.pdf)

That means the towers would generate in revenue roughly $120m in revenue, or about 1/8 of the construction cost. Given that they are extremely inexpensive to operate, and would likely qualify for some major tax rebates, this is definitely a profitable solar story -- so much more so that PV or Solar Concentrated that seems to grab all the attention lately.

Of course there remain MANY obstacles before this is a done deal, but it's certainly a company to watch.

Ty