This just goes to show how much IFN holders were screwed over - As I said at the time in IFN discussions, existing wind assets in Australia are incredibly valuable because of the barriers and lead times to develop new projects. I'm bullish on renewables, and even I have felt that TLT was a little overvalued at the time of IFN's sale (and proven to be wrong given the gradual gains and now sudden interest in TLT).
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- Ann: Infratil Strategic Review
Ann: Infratil Strategic Review, page-6
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