I didn't miss it.. I'm just still in denial. Huge disappointment with the recent news. The very same condition they appeared to want to impose on potential licencees, they appear to have failed to meet themselves now.
Indeed this turn of events is potentially catastrophic for the company, unless they have fires burning elsewhere.
It's still unclear to me if the PPA was "required" or not. While I don't see why the cannot built it and sell the power anyway, clearly the funding may depend on a guaranteed revenue stream that the PPA provides.
I fail to see the positive aspects of this decision, despite the clever wording by Davey: "it does now provide EnviroMission with additional options to meet those interests expressed by the project financier in the environmental credits and ownership of the project"
I suppose we'll have to wait for more news, but it would appear they still plan to build it. Of course... what else can they say?
Yes, they said they'd release project financing details by summer 2012 (Northern hemisphere), and despite many emails to IR asking why they haven't, I have heard nothing back.
It's a waiting game now... maybe a middle-eastern nation will fund of these? Heck, if Masdar City is any example of what can be done as a "pilot", then a solar-tower should be a no-brainer to fund.
