I'm not a holder but have been watching PHY flounder for a while now - I like the idea behind the stock - good overseas project financed hydro and an excellent stream of projects in Oz (I'm a NZ'er) - the problem with wind of course is that its only economically competitive against coal and gas when it has some sort of credit attached to - like the MRET.
I see the govt review has called for the MRET to be extended and doubled by 2020 - does anyone have any dispassionate opinions about the likelihood of this going ahead - yes doing so will keep the renewables industry alive - but then it will also cause some (small) inconvenience to heavy energy users - do you think the Govt is likely to go with the recommendations as an easy sop to the green lobby or will it allow them to be buried by industry?
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