Energy policy 'turmoil' hampers solar investment

Tim BoydStreet Talk editor

Aug 14, 2019 – 3.45pm

Email LinkedIn Twitter Facebook

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Key Points

Revenue ($m) -1,423,770, down -103.5%
Pre-tax profit ($m) -4,268,309 , down -111.2%
Net profit ($m) -3,755,506 , down -109.7%
Final dividend (c) 3.90 , up 4.0%

Solar infrastructure owner New Energy Solar has blamed an energy policy environment and market in "turmoil" as the reason it is taking a break from investing any further in local solar projects.

The listed solar fund officially entered the Australian solar market last year, when it purchased the Manildra project in central-west NSW. Since then it has added the Beryl project, also in NSW, to its portfolio.