31 October 2018

INFIGEN ANNOUNCES FIRST QUARTER FY19 PRODUCTION AND REVENUE

Infigen Energy (ASX: IFN) today reports unaudited production generated and sold from Infigen assets, production sold from contracts that have been entered into with the owners of non-Infigen owned assets and revenue for the three months ended 30 September 2018.

Positive momentum continues with Infigen's Capital Lite Strategy, with this being the first reporting quarter in which Infigen purchased production from non-Infigen owned assets.

Unit

Q1 FY19

Q1 FY18

Variance %

Production generated from Infigen Assets

GWh

487

500

(3%)

Production sold from Infigen Assets1

GWh

468

477

(2%)

Production purchased and sold from non-Infigen Assets1

GWh

10

N/A

N/A

Net revenue2

$ million

66.3

72.7

(9%)

Historic owned production generated (GWh) for Infigen's Australian portfolio

ENDS

For further information please contact:

Sylvia Wiggins

Executive Director - Finance & Commercial Tel +61 2 8031 9901

  • 1 After marginal loss factors.

  • 2 Net revenue is reported as gross revenue minus the cost of sales. The decline in revenue is attributable to a number of factors including lower production from Infigen owned assets, lower spot prices and a changed portfolio mix which has increased C&I contract sales.

About Infigen Energy

Infigen is a leading Australian Securities Exchange (ASX) listed energy market participant delivering energy solutions to Australian businesses and large retailers.

Infigen supplies clean energy from a combination of renewable energy generation and firming solutions available from the broader energy market to Australian business customers.

Infigen is a licensed energy retailer in the National Electricity Market (NEM) regions of Queensland, New South Wales (including the Australian Capital Territory), Victoria and South Australia.

The company has wind generation assets in New South Wales, South Australia and Western Australia.

Infigen is also developing options for firming in the NEM to support its business strategy.

Infigen is proudly Australia's largest listed owner of wind power generators by installed capacity of 557 MW, with a further 113 MW under construction in New South Wales and actively supports the communities in which it operates. For further information, please visit:www.infigenenergy.com

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Infigen Energy Limited published this content on 31 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 30 October 2018 22:52:00 UTC