SAE has announced an agreement for monetisation of its lease payments from the 230MW Uskmouth BESS project, helping secure cash payments for the company and further demonstrate this element of its business model. Today’s statement also reports progress on further BESS projects, and a proposed extension to SAE’s Abundance bonds.

06 Dec 2023
SIMEC Atlantis Energy (SAE LN) - Uskmouth BESS lease monetised

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SIMEC Atlantis Energy (SAE LN) - Uskmouth BESS lease monetised
SIMEC Atlantis Energy Ltd. (SAE:LON) | 0 0 0.0% | Mkt Cap: 16.6m
- Published:
06 Dec 2023 -
Author:
Daniel Slater, CFA -
Pages:
4 -
SAE has announced an agreement for monetisation of its lease payments from the 230MW Uskmouth BESS project, helping secure cash payments for the company and further demonstrate this element of its business model. Today’s statement also reports progress on further BESS projects, and a proposed extension to SAE’s Abundance bonds.