On the way up to $4... Not a bad trip for those who bought in at 2.50, nearly 6 years ago.
Printable View
On the way up to $4... Not a bad trip for those who bought in at 2.50, nearly 6 years ago.
once they bought into Tilt I felt the strategy must confirm their confidence in windpower in the right conditions .
With consents ,planning and contracts in place they could be running sooner than expected-?at the end of winter.
Windpower compliments hydro and starting small but with provision to rapidly expand is a good strategy confirming my confidence in the company.
It is my biggest investment for my impeding retirement
It seems to me that as the CO2 taxes bite these are the best positioned.
https://www.nzherald.co.nz/business/...ectid=12215148
I am curious as to why a power company needs such ritzy digs in one of the most expensive parts of Auckland and I am quite pleased that this is one utility I chose not to invest in after reading this.
Looks like its day of downgrades today..
https://www.nzx.com/announcements/333499
"18 April 2019 – Mercury announced today that it has revised its FY2019 EBITDAF guidance from $515 million to $495 million. This is due to an expected 150 GWh reduction in full year forecast hydro generation due to continued dry weather in the Taupo area. Based on hydro generation year to date and the current below average Taupo lake level, this 150 GWh reduction is forecast to mostly occur in Q4-FY2019. FY2019 annual hydro generation is now forecast to be 4,000 GWh in line with the historic average."
Today in CEN's March op report - Taranaki Combined Cycle plant, "entered into an agreement that will enable sustained operation ." Looks like big early winter price spikes around peak periods could be ahead. That's more bad news for Flick et al. Cen's South Island storage looks good.