Infigen Announces Third Quarter FY16 Production And Revenue

INFIGEN ANNOUNCES THIRD QUARTER FY16 PRODUCTION AND REVENUE

29 APRIL 2016

Infigen Energy (ASX: IFN) today reported unaudited production and revenue for the three months ended 31 March 2016 (Q3 FY16) as follows:

Q3 FY16 Q3 FY15 % CHANGE
Production (GWh) 309 346 (11)
Revenue ($m) 39.8 34.2 16
Price* ($/MWh) 113.5 98.7 15

Calculated price excludes compensated revenue

Production of 309 GWh for Q3 FY16 was 11% or 37 GWh lower than the prior corresponding period (pcp) due to lower wind resource across the portfolio.

Revenue of $39.8 million for Q3 FY16 was 16% or $5.6 million higher than the pcp. This was due to compensated revenue receivable under a production hedge that matured on 31 March 2016 and higher Large-scale Generation Certificate (LGC) and electricity prices, partially offset by lower production.

The average bundled price for the sale of electricity and LGCs was $113.5/MWh, up $14.8/MWh or 15% on the pcp.

 

ENDS

 

For further information please contact:
Richie Farrell, General Manager, Strategy & Corporate Affairs
Tel +61 2 8031 9901

Marju Tonisson, Manager, ESG & Investor Relations
Tel +61 2 8031 9902

 

Infigen announces third quarter FY16 production and revenue

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