Inactive Instrument

Infigen Energy Limited

Equities

IFN

AU000000IFN8

Infigen Energy : Australia's Infigen Energy forecasts weaker fiscal 2021

August 02, 2020 at 07:24 pm EDT

Aug 3 (Reuters) - Takeover target Infigen Energy Ltd said on Monday it expects its revenue and core earnings in fiscal 2021 to be materially lower than fiscal 2020, as it grapples with a substantial drop in wholesale electricity prices.

The company also said in a statement that it expects to book non-cash losses of A$15 million to A$20 million ($10.7 million to $14.3 million) on its contracted assets in fiscal 2020.

Infigen is set to report its full year results on Aug. 20.

($1 = 1.4002 Australian dollars) (Reporting by Shriya Ramakrishnan in Bengaluru; Editing by Jacqueline Wong)

Latest news about Infigen Energy Limited

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Iberdrola Renewables Australia Pty Ltd completed the acquisition of Infigen Energy Limited from from a group of shareholders.	20-10-20	CI
Infigen Energy Limited Announces Unaudited Production Results for the Month and Year to Date Ended September 2020	20-10-11	CI
Infigen Energy : AC Energy Unit Sells Infigen Energy Stake After Takeover Battle With Iberdrola	20-09-09	DJ
Infigen Energy Limited Announces Production Results for the Month and Year to Date Ended August 2020	20-09-09	CI
Infigen Energy Limited Announces Sales Results for the Month and Year to Date Ended August 2020	20-09-09	CI
Infigen Energy Limited(ASX:IFN) dropped from S&P Global BMI Index	20-08-27	CI
Infigen Energy Limited(ASX:IFN) dropped from S&P/ASX All Ordinaries Index	20-08-27	CI
Infigen Energy Limited and Infigen Energy RE Limited Announce Board Changes	20-08-20	CI
Infigen Energy Limited(ASX:IFN) dropped from S&P/ASX Infrastructure Index	20-08-20	CI
Infigen Energy Limited(ASX:IFN) dropped from S&P/ASX Small Ordinaries Index	20-08-20	CI
Infigen Energy Limited(ASX:IFN) dropped from S&P/ASX 300 Index	20-08-20	CI
Infigen Energy Limited Reports Earnings Results for the Full Year Ended June 30, 2020	20-08-19	CI
Infigen Energy Limited Announces Production Results for the Month and Year to Date Ended July 2020	20-08-11	CI
Infigen Energy Limited Announces Sales Results for the Month and Year to Date Ended July 2020	20-08-11	CI
Infigen Energy : Australia's Infigen forecasts "materially lower" earnings	20-08-02	RE
Infigen Energy : Australia's Infigen Energy forecasts weaker fiscal 2021	20-08-02	RE
Infigen Energy Limited Provides Earnings Guidance for the Fiscal 2021	20-08-02	CI
Infigen Energy Limited Reports Unaudited Sales Results for the Fourth Quarter and Full Year of Fiscal 2020	20-08-02	CI
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Iberdrola : offer for Australia's Infigen worth $635 mln now after condition met	20-07-23	RE

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Company Profile

Infigen Energy Limited is an Australia-based renewable energy company supplying electricity. The Company owns, develops and operates renewable energy generation assets. The Company develops wind and solar projects. The Company owns approximately seven wind farms and a solar farm in Australia. It has an operating capacity of 557 megawatts (MW) comprising over seven wind farms, the 89 MW Alinta wind farm in Western Australia (WA), the three Lake Bonney wind farms in South Australia (SA) with capacities of 278 MW, and the 141 MW Capital and 48 MW Woodlawn wind farms in New South Wales. It also owns and operates the 0.1 MW Capital East energy storage and solar photovoltaic (PV) demonstration facility adjacent to its Capital wind farm. It also has a pipeline of development assets comprising approximately 1,100 MW of wind and solar projects spread across approximately five states.

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