First Quarter FY17 Production And Revenue

FIRST QUARTER FY17 PRODUCTION AND REVENUE

31 OCTOBER 2016

Infigen Energy (ASX: IFN) today reported unaudited production and revenue for the three months ended 30 September 2016 (Q1 FY17) as follows:

  Q1 FY17 Q1 FY16 Change %
Production (GWh) 437 393 11
Revenue (A$million) 62.8 40.3 56
Price (A$/MWh) 143.71 102.50 40

Production of 437 GWh for Q1 FY17 was 11% or 44 GWh higher than the prior corresponding period (pcp) primarily due to better wind resource in New South Wales (NSW) and South Australia (SA).

Revenue of $62.8 million for Q1 FY17 was 56% or $22.5 million higher than the pcp primarily due to higher merchant electricity prices in SA and to a lesser extent in NSW, higher merchant Large-scale Generation Certificate (LGC) prices, and higher production.

The average bundled price for the sale of electricity and LGCs was $143.71/MWh, up $41.21/MWh or 40% on the pcp.

ENDS

 

For further information please contact:

Richie Farrell
General Manager, Strategy & Corporate Affairs

Marju Tonisson
Manager, ESG & Investor Relations

Tel +61 2 8031 9900

Download the PDF file: Production and Revenue Report Q1 FY17

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