good signs for aft

AFT posted another positive quarter result today, which bodes well with the combination of the budget last night outlining a further increase in support for renewable energy.

Perhaps we may see some SP movement with the potential at this level to see a quick 100% / 200% rise.


Below is some of the article published today in the Australian.

The Renewable Energy Future Fund will form part of the government's Clean Energy Initiative.

It will be used to provide additional support for renewable energy projects of all sizes.

"This fund will leverage private sector investment to support renewable energy projects and the development of low-emissions technologies," Mr Swan said.

"It will also be used to enhance Australia's take-up of energy efficiency, including helping households and businesses reduce their energy consumption."

The budget provides a total of $652.5m from next financial year for the fund.

The fund will provide support through partnerships between the government and the private sector to make critical, early-stage investments to help gain extra private funds to support the commercialisation of renewable technologies. Details of the specific commitments for the fund will be announced in the future.

However, the government flagged in the budget overview that wind, solar and biomass projects would be likely to receive support.

Money for the fund will be delivered through a range of government departments and agencies, with the Department of Climate Change and Energy Efficiency co-ordinating its progress and priorities.

The fund will bring the government's total investment in renewable and clean energy efficiency to more than $10bn.

http://www.theaustralian.com.au/in-depth/budget/new-fund-to-leverage-clean-energy-investments/story-e6frgd66-1225865272723

AFT's websites
http://www.aftcorp.net
Solar building products arm http://www.artemisbs.com