EVA - Enviva announces long-term 800000 metric ton per year contract

• Enviva ( NYSE: EVA ) signs a new 10-year take-or-pay off-take fuel supply contract with an existing European customer, extendable for up to five years.
• The company expects to supply 800,000 metric tons of industrial-grade wood pellets per year, with deliveries expected to commence during 2027.
• Terms and conditions related to this new contract reflect the strong pricing environment for woody biomass and are generally in line with other recently executed long-term contracts.
• Enviva’s total weighted-average remaining term of take-or-pay off-take contracts is ~14 years, with a total contracted revenue backlog of now over $23B.This contracted revenue backlog is complemented by a customer sales pipeline exceeding $50B, which includes contracts in various stages of negotiation.

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