https://thewest.com.au/business/ene...-to-raise-100m-at-huge-discount-ng-b88942556z
“RCR blamed the $57 million writedown regarding the Daydream and Hayman solar farms on “several compounding project-specific issues”.
Chairman Roderick Brown in a letter to shareholders said most of the writedown was only recently identified because of on-site procedures adopted by a limited number of personnel.
........
“Mr Brown said the blowout on the $315 million solar project had been the product of external delays, worse sub-surface ground conditions than allowed for in the tender estimate and poor weather.
He said RCR said was altering its strategy to one that had a more acceptable risk profile. This included being more selective in the renewable energy sector and shifting towards “alliance-style” contracts.”
https://edifyenergy.com/projects/daydream-solar-farm/
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