Investor Presentaiton
INFRASTRUCTURE FOR THE FUTURE
BOMEN SOLAR FARM
2020
Underlying Financial Results ($m)
PPA fixed revenue
Merchant electricity revenue
Merchant LGC revenue
Total Revenue
Operating costs
(6 months)
6.2
0.1
0.7
7.0
(1.7)
Operating costs
$1.7m
•
EBITDA
5.3
Working capital
(0.6)
Net operating cash flows
4.7
Generation
105,110 MWh
Revenue
$7.0m for the first 6 months
of operations
•
The revenues were underpinned by the fixed
revenues associated with the PPA agreements
with Westpac and Flow Power.
Strong pricing in the Large-scale Generation
Certificate's (LGC) market delivered $0.7m of
revenue during the period through the sale of
merchant LGC's.
Operating expenditure has been in line with
expectations and has included additional
vegetation management to address the increased
growth in grass on site.
The site generated 105, 110 MWh of renewable
energy during the period, experienced minimal
downtime and no material curtailment or outages
in the period. 3 week outage in January 2021 due
to substation fault under investigation.
Other
Generation (MWh)
105,110
CO2-e displaced (1)
85,139 tonnes
•
The renewable energy generated from Bomen
Solar Farm represented the displacement of
85,139 tonnes of CO2-e.
Bomen Solar Farm performed in line with expectations during the first 6 months of operations to 31 December 2020
(1) Australian Government, Department of Industry, Science, Energy and Resources - National Greenhouse Accounts Factors, October 2020.
Spark Infrastructure | Investor Presentation | February 2021
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