I think the URF stuff can be channeled out by us. It obviously damages NEW's reputation.
The CEFC received AUD 1bn of equity from the Commonwealth Government for the purposes of providing finance for storage. Just yesterday, the Tesla battery got AUD 50m in debt funding for expansion of its capacity by 50%.
High hopes for NEW to get funding to add a battery to Manildra or other NEW Australian PV arrays.
NEW Price at posting:
$1.20 Sentiment: Buy Disclosure: Held
