Ann: Infigen Adds South Australia Gas Turbines, page-18

GNX's solar isn't a long term price-insensitive producer, with it designed to feed the battery during peak solar output with excess sold into the grid.

What is not clear and wont be until completion of the project is the efficiency and amount of conversion from low value solar into high value dispatchable output.

In a period of structural and policy uncertainty around value of generation assets, it is the part of the market where operators will add value and increase revenues. It is for this reason why I am extremely happy that IFN has taken this direction and made the asset allocations that it has. The ability to contract a larger percentage of its overall generation instead of selling into the NEM, whilst providing the ability to increase generation and sell into higher peak periods outside of existing assets is exactly what is needed at this point of the policy cycle.

I dont think the true revenue add metrics will be visible until the closure of Liddel in 2022.

If NSW decides to add additional capacity to the resal plant, and there is no firm policy guidance re the increasing of generational capacity after Liddel, we may see a period of years where the only money to be made for large scale producers is the ability to dispatch into peak periods.