IMO - asking 3b including debt is a high premium... will they get it??? Even including assets under construction - their portfolio is around 850Mw.. implying a simple price of $3.5million per Mw... well above the price IFT got for their assets which included a battery and two gas firming plants (~1m per Mw) and even in the US recently a 50% stake in a windfarm sold for $1.4m per Mw.
Current costs of building a new wind are also ~1.5 - 2m per Mw... so AFR report shows TLT seem to be expecting a high premium for their development pipeline.
The demand for renewable regeneration assets is insatiable ATM it seems. AGL absolutely should be passing the ruler over this... their portfolio has just had a massive write down and they need more generation to offset Liddell... plus (diminishing) profits and cashflow to be able to fund such a transaction - but probably not at these prices.
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