Australia's Infigen looks to US PV as home market falters

Infigen's wind business has struggled to find development opportunities at home

Infigen is forming a joint venture with Texas solar developer Pioneer Green Energy, as the Australian wind company looks for growth opportunities outside a challenging domestic market.

From 2013, the companies plan to develop 300MW of solar PV in California, Arizona and Texas, with projects ranging in size from 20-100MW.

For the six months to December, Infigen booked a net loss of A$35.2m ($37.9m), compared with a net loss of A$34.4m a year earlier. Revenue slipped 1% to A$125.7m.

Infigen managing director Miles George says domestic development opportunities have been scarce since 2010, mainly because of the surplus in large-scale renewable-energy certificates ( LRECs).

“Because of the solar incentive mechanisms that apply there and the significant reduction in Log in to read complete article.

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