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 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.
For further information please contact:
General Manager, Strategy & Corporate Affairs
Manager, ESG & Investor Relations
Tel +61 2 8031 9900
Download the PDF file: Production and Revenue Report Q1 FY17