DAVY VIEW

Following its December update that co-investment agreements were being finalised for three key projects, Corre Energy has announced that Eneco will become its offtake, co-development and co-investment partner for Ahaus (its first German project). Its partnership with a leading local strategic player, including the second offtake framework to be agreed with Eneco in approximately 12 months, should accelerate the commercial development of Ahaus, provide visibility over long-term cashflows and is important validation of the overall Corre Energy offering. We await details of the yet to be agreed investment terms to fully assess the impact on the project’s net present value to shareholders.