TLT is risky on forward options as the price of renewables is dropping fast. I think the cause is cheaper finance plus very cheap solar. I have just helped pay for 10 KW of solar on top of 6KW already,with a battery and 3 phase inverter. Pay back will be 5 years at most . Domestic power prices in NZ are a rip off , 5.5c/Kwhr for Tiwai and 15 at least for domestics all protected by the govt as they own a lot of NZ generation. The gains really start if you go off grid.
My understanding is that if MCY and IFT reach the 90% threshold they can compulsory purchase the remaining 10%. They already control 70% so are looking for 20% to grab a bargain. $3.60, that’s the number they should be pitching.
Premier Daniel Andrews will formally announce the results of the special "reverse auction" on Tuesday, a system where the Government has asked the industry for bids to build new energy generation
Premier Daniel Andrews will formally announce the results of the special "reverse auction" on Tuesday, a system where the Government has asked the industry for bids to build new energy generation
Thanks for the link.
So the environment Minister has already confirmed Dundonnell will be built. Hard to see how Infratil will be able to buy Tilt for $2.30 now.
It feels as though Infratil and Mercury were trying to get the deal through before this surfaced. They would have had more knowledge than the average shareholder (me) that's for sure. Leaves a bit of a bad taste in ones mouth, reinforces where the retail shareholder fits into the scheme of things, and so yes, I really hope they have to pay more.
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