Infigen Energy

Clutching at straws is rarely wise investment counsel. But Infigen Energy’s share price, up 6% yesterday, is probably rationally responding to an announcement that superficially might seem unrelated. A day earlier, Origin Energy announced its ‘largest ever wind offtake agreement’, agreeing to buy electricity for the next 15 years from a large (270MW) wind farm to be developed in Snowtown, South Australia by TrustPower. The link with Infigen—uninvolved in this transaction—relates to general wind farm valuations. For some years now, the combined price of electricity and renewable energy certificates has been too low to justify the development of large...

Clutching at straws is rarely wise investment counsel. But Infigen Energy’s share price, up 6% yesterday, is probably rationally responding to an announcement that superficially might seem unrelated. A day earlier, Origin Energy announced its ‘largest ever wind offtake agreement’, agreeing to buy electricity for the next 15 years from a large (270MW) wind farm to be developed in Snowtown, South Australia by TrustPower.

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