This company's auditors and Directors better get ready for plenty of legal costs and Class Actions based off the unstable, infrequent and excessively costly energy. On 7/7, $9000 per megawatt hour charged for wind energy in South Australia. Now a blackout for just a 1 in 50 year storm.
Wind Energy is obviously a lot of wind, intermittent, unstable and infrequent.
I am surprised banks funded IFN as it has a lot of debt and the debt would have exhausted the company's value prior to tonight in any event IMHO but pls DYOR.
Brown Coal will outsurvive this company, Miles George and its directors.
With people stuck in lifts, a major city blacked out, is IFN Australia's Enron?
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