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5 March 2021
Solar farms in New South Wales are to bear the brunt of new downgrades to the Australian Energy Market Operator’s marginal loss factor figures in the coming financial year, a result of both increased local generation and more imports from Victoria and Queensland congesting the network.
AEMO’s provisional calculations show solar farms the Riverina region of NSW will be particularly hard hit, with many looking at 6 to 8 points knocked off their MLFs.
Solar generators in central Queensland, meanwhile, look set to enjoy the biggest boosts – in some cases by as much as 6 points – as do solar farms in the troubled north west region of north-western Victoria, though from a lower base.
23 February 2021
Poles and wires owner Spark Infrastructure has continued its foray into generation, purchasing development rights to a string of new renewable energy projects with a collective capacity of 1.5 gigawatts.
The announcement comes after the company opened its first 100 megawatt solar farm last year. Spark says it has earmarked $1.15 billion to invest in new solar, wind and battery projects, and is even having “a look at” green hydrogen.
Chief executive Rick Francis said the company had paid for the development rights, but had made no final commitment to go ahead with any of the new projects. He said the final decisions could be months away.
Spark Infrastructure (ASX:SKI) reveals 5-year distribution plan with FY20 result
Tristan Harrison | February 23, 2021 11:18am |
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Energy infrastructure business
Spark Infrastructure Group(ASX: SKI) has announced its FY20 result today, it also told investors about its 5-year plan for the distribution.
Spark Infrastructure FY20 result
Spark reported that its look-through earnings before interest, tax, depreciation and amortisation (EBITDA) grew by 2.4% to $862.4 million. Cash distributions from investment businesses declined by 3.7% to $301 million.
It said that its standalone net operating cash flow fell by 24.9% to $192.5 million. However, the underlying standalone net operating cash flow only declined by 10.8% to $252.8 million. The decrease reflected the first full year of tax payments and retention of operational cash flow by TransGrid to fund the increase in the regulatory asset base.