Renewable Energy Project, Australia - LGGEPL

The visionary project sponsor believes electricity from below the ocean floor can offer renewable power using current oil and gas infrastructure. The oil and gas industry is looking for a change and diversify as the world looks for cleaner and greener energy. By re-using existing oil and gas platforms, and by pumping geothermal heat instead of crude - we not only create a renewable energy industry, but we deliver a cheap and efficient new energy source that can replace traditional fuel options. The project sponsor believes that rather than decommissioning the hundreds of obsolete platforms around the world - at a multi-billion dollar cost we can recommission and re-purpose those same platforms to produce, from under the sea bed, geothermal heat, to create a power source for industry, factories, and homes across the world. This solution will reduce costs of decommissioning platforms by as much as 50 percent, it will turn the platforms into profitable new energy delivering systems. The project sponsor and his partner have 100 years of electrical experience in the energy and mineral sectors. The business plan comes with a 3-year projection showing the project profitable in the 2nd year and can immediately repay the loan in full. This project is definitely worth further investigation
USD Year 1 Year 2 Year 3 Year 4 Year 5
Turnover
7891869.96
8850695
8850695
8850695
8850695
EBITDA
243950630
408156804
707902955
1007649106
1307395257
%
96.86%
97%
98%
99%
100%
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