News | Energy Efficiency

http://www.newenergyworldnetwork.com/renewable-energy-news/by-technology/wind/infigen-losses-mount-but-will-pay-dividend.html

Australia-based wind farm developer Infigen Energy made a net loss of A$34.4m (US$35m) in 2010, its latest earnings report shows.

That is more than double the company’s A$15.8m net loss in 2009, despite revenues rising by one per cent to $A145.8m (US$148m).
But the company confirmed that it would pay a $A0.01 dividend to shareholders on 17 March 2011, its second since listing on the Australian stock exchange in 2009.
Infigen said its losses were caused mainly by the appreciation of the Australian dollar and falling power prices in Australia itself.
Its share price dropped by 16.5 per cent today, closing at A$0.355 and giving the company a market capitalisation of A$269.9m (US$275m).
Infigen, previously called Babcock and Brown Wind Partners, has a portfolio of 2.19GW of installed wind assets in Australia, Germany and the US.
In January, Infigen’s part-owned solar subsidiary and Suntech Power gained planning permission to build a 100MW photovoltaic project in New South Wales.