Algorhythm expects Azure to earn about $5 million in fee income in 2027
RIME•Algorhythm Holdings expects Azure Energy to earn approximately $5 million in fee income in 2027 from its Mississippi power project. Azure holds a 10% stake in the $7.34 billion project, with projected annual EBITDA of about $40 million at full operation or gross sale proceeds of approximately $166 million if the project is sold for up to $1.66 billion.
1. Project income outlook
Algorhythm Holdings expects Azure Energy to earn approximately $5 million in fee income in 2027 from its Mississippi power project. Azure holds a 10% equity stake in the $7.34 billion, 1,500 MW project. At full operation, expected within 54 months of notice to proceed, annual EBITDA attributable to Azure is projected at approximately $40 million. Alternatively, a sale valued at up to $1.66 billion could generate approximately $166 million in gross proceeds for Azure; a sale could follow final permitting in early 2027, with additional transaction-management fee income available to Azure.
