1% more fixed equity. Add this to the $100m+ in cash IFN holds plus what it brought in this quarter. IFN is poised for a new project or some crafty M&A.
A great time to be cashed up. There are murmers of a fresh third party PPA over at GNX, the John Laing portfolio is for sale and other bits of kit are quietly on offer. The CV-19 market collapse means anyone selling can expect to take a haircut.
It looks like the Forsayth project missed out on the Qld tender.
Last year, the Vic government tender drew many bidders and sharp pricing, so they repeated the exercise (not identical, but indulge me). Qld is quite capable of doing the same, both to increase renewables and boost economic activity with extra construction.
Flyers Creek WF is possible, or IFN could just install another battery...
Ash
IFN Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held
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