1/11
Further to my earlier set of tweets regarding the IDC's involvement with #BMN.
The 2020 interims stated that BMN,
"obtained a debt financing term-sheet from a French Development Bank, to be underwritten by a South African institution."
Further to my earlier set of tweets regarding the IDC's involvement with #BMN.
The 2020 interims stated that BMN,
"obtained a debt financing term-sheet from a French Development Bank, to be underwritten by a South African institution."
https://twitter.com/BigBiteNow/status/1395299794017558530?s=20
2/
The IDC is a national development finance institution.
So give that the IDC state involvement in the mini-grid and the actual debt element appears to have come from a French Development Bank, then perhaps their role is as the underwriter.
The IDC is a national development finance institution.
So give that the IDC state involvement in the mini-grid and the actual debt element appears to have come from a French Development Bank, then perhaps their role is as the underwriter.
3/
If so then that demonstrates significant confidence in the product, the BE team, the future market and the relationship.
With everything I've discussed today in mind the following statement from the Q1 2020 update is all the more intriguing,
If so then that demonstrates significant confidence in the product, the BE team, the future market and the relationship.
With everything I've discussed today in mind the following statement from the Q1 2020 update is all the more intriguing,
4/
"The Company is working with energy policymakers to support initiatives to reverse the downward trajectory of South Africa's power system."
I was thought that this was an incredibly bold statement given that the company hasn't even on a contract to supply a VRFB yet,
"The Company is working with energy policymakers to support initiatives to reverse the downward trajectory of South Africa's power system."
I was thought that this was an incredibly bold statement given that the company hasn't even on a contract to supply a VRFB yet,
5/
nevermind one into the S.A. utility market. BMN rarely say such a thing unless they have substance behind them. The challenge to date is getting to understand what the substance truly is.
However, that doesn't make it any less real.
nevermind one into the S.A. utility market. BMN rarely say such a thing unless they have substance behind them. The challenge to date is getting to understand what the substance truly is.
However, that doesn't make it any less real.
6/
Now here's an old favourite Fortune Mojapelo message of mine.
Taken from the BE update RNS, dated 5th Oct 2016 and written in response to the co-operation agreement that BE signed with the IDC in June that year which included a study into electrolyte manufacturing in S.A.
Now here's an old favourite Fortune Mojapelo message of mine.
Taken from the BE update RNS, dated 5th Oct 2016 and written in response to the co-operation agreement that BE signed with the IDC in June that year which included a study into electrolyte manufacturing in S.A.
7/
"The IDC also has important stakeholder linkages with the South African government, regulators and utilities and other key players that are necessary to provide a catalytic stimulus for the energy storage industry."
"The IDC also has important stakeholder linkages with the South African government, regulators and utilities and other key players that are necessary to provide a catalytic stimulus for the energy storage industry."
8/
Now tie that into my previous posts on the steering committee that the IDC led the following year (2017) and ended with the delivery of the Eskom BESS project tender.
When FM talks about pulling the right levers then I am as sure as I can be...
Now tie that into my previous posts on the steering committee that the IDC led the following year (2017) and ended with the delivery of the Eskom BESS project tender.
When FM talks about pulling the right levers then I am as sure as I can be...
https://twitter.com/BigBiteNow/status/1395299824795279368?s=20
9/
without asking the man himself, that those levers have the IDC at their centre...
and it is in the IDC's interests to pull them because they have ownership be it pending or otherwise across the board
without asking the man himself, that those levers have the IDC at their centre...
and it is in the IDC's interests to pull them because they have ownership be it pending or otherwise across the board
10/
Placing all of that into the context of the pending Eskom BESS project makes it difficult to conclude that there is no place for a tender that involves BE or their partners. One of which likely being the IDC who drove the opportunity in the first place because they're...
Placing all of that into the context of the pending Eskom BESS project makes it difficult to conclude that there is no place for a tender that involves BE or their partners. One of which likely being the IDC who drove the opportunity in the first place because they're...
11/
focused on,
"The clean energy solutions industry, with a specific focus on the energy storage value chain..."
and to date, the only clean energy technology that they have invested in is VRFBs and Bushveld Minerals.
Nothing is ever a given in investing but...
focused on,
"The clean energy solutions industry, with a specific focus on the energy storage value chain..."
and to date, the only clean energy technology that they have invested in is VRFBs and Bushveld Minerals.
Nothing is ever a given in investing but...
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