RE:RE:Gemini CODDibah42 wrote: rustyblades: Yes there was an explanation for why the COD is planned for H2 2017. Admittedly complicated, as the NPI rep stressed, but it made perfect sense. And yes it had to do with market vs subsidised rates but little to do with the Dutch govt. not wanting to start higher payments ahead of schedule. It is the way the contract is set up and it is all about maximising potential profits. If you claim COD too early you lose. And in any event there is always the possibility of retroactive reimbursements at the subsidised rates when the time comes in Q4 2017.
The best part of the Q&A was when someone asked whether the stragetic review was impacting the ongoing discussions e.g Taiwan. And the CEO replied "no" and that the SR could very well conclude that "we are very well happy being what we are" and so business as usual. Cheers.
Thanks again for the information. To add to your notes, a TD report today said the subsidised rates will likely be invoked before the end of this year ahead of COD which is still scheduled for mid 2017. This bodes well for earnngs and POR in Q1 2017. The TD note also pointed out, as you did, that the timing to invoke the subdised rates is a complex exercise.