The Bodangora construction delay probably worked out quite well for IFN. 10.1M in compensation, plus the RET certificates generated over that period.
My rough calculations of the average bundled price for the year is $130 mWh, which is a $10 less than 2018.
Morgans analysts had forcasted bundled $132 (2019) and revenue at $227M. So slightly less than expected, if excluding the Bodagnora compensation.
Im happy to hold this one here, with BESS online in the coming Qtr, and Forsayth tendered into the QLD reverse auction, and progress on Cherry Tree.
Cheers,
MS
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