Tuesday 1st December 2020
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Variable Volume Fixed Price Agreement (VVFPA)
Further to the NZ Windfarms’ market announcement on 19 October 2020, we are pleased to advise that all documentation and schedules in relation to that transaction have been completed and executed.
FY2021 EBITDAF Guidance Range
As a result of the renewed VVFPA, the Company is pleased to announce its FY2021 EBITDAF guidance range of $5.7m to $6.3m.
While this guidance is below last year’s record EBITDAF of $8.0m it stills represents the second best result NWF has ever faced.
Guidance is provided on the basis of information available to the Board at this time and is subject to variations such as climatic and other factors outside of the Company’s control. Forward electricity generation is based on historical production volumes adjusted for relevant factors. Wind generation can be extremely volatile due to a range of factors outside our control. The Company will update the market on EBITDAF guidance as the financial year progresses. As at 30 November 2020 cash on hand was $3.05m.
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