Even though FCAS is transformed by Hornsdale, IFN is still obliged to sell its output at a discount due to variable supply. Its own battery eliminates that and probably will make enough $$ to self-fund the capex. Once operational, IFN can bid into the market as it likes and store every volt it can't sell.
I find reneweconomy a little breathless in its views on renewables. It is important investors do not conflate civic good and the decisions a business must make for profitable growth.
Wind is an ideal compliment to solar. Further, while solar ownership is dispersed, installed for non-commercial reasons and generates predictably, wind is in the hands of a few rational operators.
Ash
IFN Price at posting:
74.0¢ Sentiment: Buy Disclosure: Held