This stock has been depressed by uncertainty relating to the future of ther Federal Government's MRET legislation which provides the basis for the rnewalle credits which comprise ~ 50% of the revenue of a wind farm.
The review was released today by the panel headed by former senator Grant Tamblyn.
It is very favourable increasing the measure from a target of 9.5TWh to 20TWh, indexing the incentive after 2010 and extending it beyond 2020 for new investments to underpin their economics.
Once a sceptic of PHY I now think that this provision of certainty and improved opportunity might see now result in a re-rating of the comnpany
