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agree that IFN doesn't need the balance sheet debt! We are only...

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baldynumbers

3,850 Posts.

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20/01/20

10:50

Post #: 42468219
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Originally posted by ozmacca: ↑

Doesn't really help (if Brookfield purchase) if all these assets already have long term PPAs in place, short of Cherry Tree and Kiata which are already with IFN for off take which I think was in their last annual results preso?

Renewables are only struggling in rural areas with skinny/stringy lines, I don't think that statement can be applied generally. Build some wind (preferably) or solar around the hunter or Dubbo regions with strong transmission and you're unlikely to see another Broken Hill curtailment scenario.

It's standard Aus mentality, the closer it is to population the better (generally) the transmission, but also you get the NIMBYs burring up. Makes it hard to get Devs off the ground in strong transmission areas.

I don't think IFN needs more debt. I'd prefer they get a PPA from someone else in one of these areas and have the financial contract only, not the balance sheet weight!

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agree that IFN doesn't need the balance sheet debt! We are only starting to be in a good place again - the GFC now seems like so long ago.

Kiata's PPA is only for another year or so from memory - so if the asset was up for individual sale at metrics that were favorable to balance sheet overall position - it could possibly be a good add.

IFN Price at posting: 71.5¢ Sentiment: Buy Disclosure: Held
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