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MarketScreener Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  New Energy Solar Limited    NEW   AU000000NEW2

NEW ENERGY SOLAR LIMITED

(NEW)
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End-of-day quote. End-of-day quote AUSTRALIAN SECURITIES EXCHANGE LIMITED - 01/23
1.195 AUD   -0.42%
2019NEW ENERGY SOLAR : Weekly NAV Estimate
PU
2019NEW ENERGY SOLAR : Beryl Solar Farm switches on to power Sydney Metro
AQ
2019NEW ENERGY SOLAR : Beryl solar farm begins production, to help power NSW rail
AQ
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New Energy Solar : Beryl solar farm begins production, to help power NSW rail

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04/24/2019 | 08:55am EST

The 87MW Beryl solar farm, north of Mudgee in New South Wales, has become the latest large-scale renewable energy project to join the grid, injecting its first power into the network.

The solar farm, owned by the listed solar farm investor New Energy Solar, has a 15-year contract to supply electricity to the NSW government-owned north west Sydney Metro train lines. That will account for around 69 per cent of its output, with the remainder being solar on market or to another off-taker.

The solar farm (110MW DC and 87MW AC) was bought from First Solar last year and built by Downer Group, using Longi solar panels, Ingeteam inverters and Exosun tracking technology. It will have an estimated capacity factor (AC) of 28.6 per cent.

The first output occurred on Tuesday, and the solar farm should be complete in May, around 12 months after construction started.

New Energy Solar has suggested the addition on battery storage also remains an option presumably to time shift the output of the solar farm, and sell in evening peaks rather than the anticipated price troughs in the middle of the day, and/or to provide market services.

The listed New Energy Solar now owns two solar farms in Australia it also owns the 56MW Manildra project in NSW and represents about 20 per cent of its total portfolio. Last week, it completed a $US200 million raising for a new, London-listed solar fund that will focus on large scale solar investments in the US.

(c) 2019 ITP Business Publishing Ltd. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Latest news on NEW ENERGY SOLAR LIMITED
2019NEW ENERGY SOLAR : Weekly NAV Estimate
PU
2019NEW ENERGY SOLAR : Beryl Solar Farm switches on to power Sydney Metro
AQ
2019NEW ENERGY SOLAR : Beryl solar farm begins production, to help power NSW rail
AQ
2019MORGAN STANLEY : rates NEW as Equal-weight
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Financials (AUD)
Sales 2019 31,0 M
EBIT 2019 25,4 M
Net income 2019 -
Debt 2019 5,87 M
Yield 2019 6,69%
P/E ratio 2019 -
P/E ratio 2020 -
EV / Sales2019 13,7x
EV / Sales2020 8,37x
Capitalization 420 M
Chart NEW ENERGY SOLAR LIMITED
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Technical analysis trends NEW ENERGY SOLAR LIMITED
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 1
Average target price 1,38  AUD
Last Close Price 1,20  AUD
Spread / Highest target 15,5%
Spread / Average Target 15,5%
Spread / Lowest Target 15,5%
EPS Revisions
Managers
NameTitle
John Martin Chief Executive Officer, Director & MD
Jeffrey Robert Whalan Non-Executive Chairman
Michael van der Vlies Chief Financial Officer
Maxine Mckew Independent Non-Executive Director
James Davies Independent Non-Executive Director
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