considering this is actually already priced at a very good premium per Mw installed... IMO - not sure there will be higher offers... it is a very good pipeline though....
effectively already done the deal at twice what IFN sold for... and it sold for more than Twiggy got Windlab for - but it did have Kennedy Windfarm, which was plauged with grid connectivity issues, which it appeared Windlab had to pay to resolve.
This deal (IMO) is more of a convenient way for the two current holders (IFT & MCY) to get what they wanted from TLT...
IFT wanted their cash back to reduce debt / invest in higher RoR investments
MCY already had PPAs for the NZ windfarm output... so they get the underlying assets so that they don't have a debacle like AGL suffered with Coopers Gap & Silverton... whereby assets were sold into PowAR with high priced PPAs to ensure full offtake - problem being that the NEM spot price ended up being significantly lower than the PPA price - resulting in 1 billion + writedown in assets...
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Last
$9.89 |
Change
0.240(2.49%) |
Mkt cap ! $9.670B | |||
| Open | High | Low | Value | Volume |
| $9.75 | $9.94 | $9.64 | $15.36M | 1.556M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4048 | $9.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.92 | 5103 | 1 |
View Market Depth
| Last trade - 16.10pm 27/06/2025 (20 minute delay) ? |
| IFT (ASX) Chart |