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    NCCL   VGG640631039

NCONDEZI ENERGY LIMITED

(NCCL)
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Ncondezi Energy Limited Announces Solar Battery Project Update

06/01/2021 | 02:00am EDT

Ncondezi Energy Limited provided a further update on progress at maiden Commercial and Industrial ("C&I") 400kWp solar PV plus 912kWh battery storage project located in Mozambique (the "Project"): Construction of solar panels completed; Tesla battery packs and inverters now on site and installation underway; Commissioning of the Project on track for end of June 2021. 400kWp solar PV plus 912kWh battery storage project. Fully off-grid project, believed to be the first project of its type in Mozambique. Target Project commissioning in June 2021. Utilising market leading equipment including JA Solar panels, ABB Inverters and Tesla Power Pack. Targeting generation of up to 600MWh and CO2 savings up to 517t per annum. 15 year fixed price offtake agreement, denominated in USD with annual price escalations. Contracted revenues of USD 3.1m over the life of the Project.


© S&P Capital IQ 2021
All news about NCONDEZI ENERGY LIMITED
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06/01Ncondezi Energy Limited Announces Solar Battery Project Update
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05/19Ncondezi Energy Limited Provides Project Update
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04/06Ncondezi Energy Limited Provides C&I Project Update
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03/25Ncondezi Energy Limited Provides Project Update
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Financials (USD)
Sales 2020 - - -
Net income 2020 -2,81 M - -
Net Debt 2020 4,16 M - -
P/E ratio 2020 -6,67x
Yield 2020 -
Capitalization 8,96 M 8,98 M -
EV / Sales 2019 -
EV / Sales 2020 -
Nbr of Employees 4
Free-Float 67,4%
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Mean consensus BUY
Number of Analysts 1
Last Close Price 1,60 GBX
Average target price 15,00 GBX
Spread / Average Target 838%
Managers and Directors
Hanno Crosland Pengilly Chief Executive Officer & Executive Director
Michael John Haworth Non-Executive Chairman
Christiaan Ernst Schutte Chief Operating Officer
Aman Sachdeva Non-Executive Director
Scott Jonathan Fletcher Non-Executive Director