Trustpower cuts up to A$70M off the value of its SA windfarm, Snowtown

Wed, 18 Nov 2015

By Pattrick Smellie Nov. 19 (BusinessDesk) - Trustpower downgraded its assessment of the potential production from the second stage of its Snowtown wind farm in South Australia by 9.4 percent, reducing operating earnings by around A$8.5 million a year "in a year of average wind" and cutting its valuation by as much as A$70 million. The Tauranga-based electricity producer, which is controlled by Infratil, said in a statement "the revision is due to a number of factors associated with energy yield prediction", including "the limitations wit...

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