RE: RE: Revenue Projections for 2009?
Their news release,states 10 yrs...but not the start date which could be the start of production which is December of 2009
https://www.stockhouse.com/tools/?page=%2FFinancialTools%2Fsn%5Fnewsreleases%2Easp%3Fsymbol%3DV%2ENGP%26newsid%3D7135321
excerpt…
“The 'Faulkner 1' project will benefit from the recent extension of the Production Tax Credit (PTC) to , qualifying for a credit of US$21.00 per MWh over the full ten-year term of the PTC.”
I figure that the PTC may make them US $7.4 million annually, starting Jan 2010.
Caution...My $ value for the PTC should be checked.
Don’t know about carbon credits, or how they are calculated.