Zhang Zi'an had naturally obtained Shen Bing's authorization before announcing a reduction of €0.02 in the grid feed-in tariff.
For a fifty-million-kilowatt power station, reducing the price of each kilowatt-hour by €0.02 meant earning over ten million euros less every day. This was certainly not a decision Zhang Zi'an could make on his own.
Shen Bing had made this decision to set an example, encouraging more countries to adopt geothermal power projects and accelerating their worldwide expansion.
With this, Phantom Immortal Technology had completed twelve geothermal power stations worldwide.
Eight were in China, one in Japan, one in Russia, and one each in Germany and India.
These twelve geothermal power stations had a combined installed capacity of 300 million kilowatts. Based on the average grid feed-in tariff, they could generate nearly two hundred million in revenue for Phantom Immortal Technology every hour.
Even saying that money poured in by the day was no longer enough to describe their earning power, and the vast majority of that revenue was pure profit.
So far, however, the geothermal power project had only broken even, making up for its previous losses.
That was because Phantom Immortal Energy Company had spread its operations so widely. Although its daily earnings consistently ranked first within the company, its enormous expenditures were likewise far beyond those of any other subsidiary.
During this period, Phantom Immortal Technology had secured more than sixty geothermal power projects. The company had adopted a strategy of building them all simultaneously, and not just anyone could afford that kind of investment.
Previously, various countries had shown little enthusiasm for Phantom Immortal Technology's geothermal power projects, or had been rather hesitant about them. But once someone took the lead and experienced the benefits of geothermal power stations, who could remain indifferent?
Even if their governments