We are pleased to share the final results of our token production for September 2024. Each Heiwit token produced 8.89 kWh of clean energy, contributing to the energy transition and the common goal of decarbonisation. The average revenue was 0.12 € per kWh, for a total of 1.08 € per token.

A Challenging September: Production Slowdown Caused by Bad Weather

Energy production, although positive, was slightly lower than our estimates, with a drop of 15% than expected. This result was influenced by a period of exceptional bad weather which affected the Milan area for most of September. Frequent rainfall and cloud cover above the seasonal average temporarily reduced the availability of sunlight for our photovoltaic plants. However, despite the weather difficulties, our plants continued to work at full capacity, ensuring constant and reliable production for our customers.

Stable takings thanks to higher-than-expected transfer prices

Despite the reduction in production, the good news is that the revenue generated by our tokens has maintained the initial estimates. This was possible thanks to a higher-than-expected transfer price, which compensated for the drop in production. The energy market experienced an increase in prices, allowing us to provide our token holders with a stable economic return in line with expectations, strengthening their position at a time of climate change.

Many thanks to our supporters!

We would like to end this update with a heartfelt thank you to all those who have chosen to buy our tokens and join us on this exciting adventure towards a more sustainable future. Every contribution is crucial to continue investing in clean energy and promoting a world with a zero emissions. Thanks to you, we are proving that renewable and affordable energy is possible, even in the face of nature's challenges.

Let us continue this journey together towards the decarbonisation and a better future for all! ?