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Why Aren't LGC prices zero?
The Renewable Energy Target (RET) Scheme was initially introduced by the Howard government in 2001 with the goal of renewable energy...
Oct 7, 20216 min read
Infradebt funds Risen Energy’s 103MW Yarranlea Solar Farm
Infradebt funds Risen Energy’s 103MW Yarranlea Solar Farm Canberra, 21 June 2021 - Infradebt and Risen Energy Australia are pleased to...
Jun 21, 20213 min read


Easter Egg Hunt
Its Easter, so let’s start with a tale of an easter egg hunts. Imagine an easter egg hunt where each participant (child) has to...
Mar 30, 20212 min read


Bitcoin and Electricity
Lots of people have opinions on Bitcoin and whether it is or isn’t a good investment, whether it is a tail-risk hedge asset or not, or...
Mar 30, 20214 min read


Stranded assets?
We previously wrote in our September 2020 newsletter about the differences in interest rate sensitivity between perpetuities and...
Mar 30, 20214 min read


Monopoly Behaviour
The construction of a new solar farm or wind farm often requires augmentation of the transmission network to connect the generator to the...
Dec 17, 20202 min read


Energy wars – The final showdown
Infradebt has been closely following the renewable energy sector since our inception more than seven years ago (or 28 editions of this...
Dec 17, 20204 min read


Low interest rates break standard risk measures
This article isn’t strictly about infrastructure, but is about the search for defensive yield – which is often one of the justifications...
Dec 17, 20204 min read


2020 Seaports and Covid
Seaports, like airports, are considered high quality, low risk monopoly infrastructure assets. Both port types traded around 20x...
Dec 17, 20203 min read


A gas lead recovery from Covid-19 – Pipe dream or Hot Air?
First apologies for the two dad jokes in the one headline – but how often do you get a chance like that😊! The past few weeks have seen a...
Oct 2, 20206 min read


Covid-19 and infrastructure six months on
It was six months ago that team Infradebt was just settling into working from home and putting the finishing touches on our March quarter...
Oct 2, 20204 min read


Duration discount rates and the grumpy views of a middle-aged man….
Over the past few years investors have become obsessed with the record low level of interest rates. Interest rates are the fundamental...
Oct 2, 20203 min read


Chasing yield at the zero bound
A common analogy for a range of yield chasing strategies is “picking up pennies in front of a steam roller”. While this expression is...
Oct 2, 20204 min read


Five Faces of Inflation
The unprecedented monetary response to Covid-19 has sparked a storm of commentary in the financial media (and Twitter) about whether...
Jul 6, 20209 min read


Airports 2020 Q2
Airports are considered high quality, low-risk monopoly infrastructure assets. Prior to the onset of Covid-19 the trailing EV/EBITDAC of...
Jul 6, 20205 min read


COVID-19 Charts
The last four months have been surreal to say the least. We have all felt some form of step change in our lives. But the nagging question...
Jul 5, 20201 min read
Renewable Electricity Policy
The typical new solar or wind farm project has a forecast operating life of 25 to 30 years. In this context, when looking at the current...
Jul 5, 20205 min read
Photon Energy to Add 14 MWp to its PV portfolio in Australia
· The Company has reached financial close for the construction of two PV power plants with a combined capacity of 14 MWp in Leeton, New...
May 28, 20204 min read
This time is different
The saying goes that “This time is different” are the four most expensive words in finance! Well ignoring that – here goes – this is how...
Apr 5, 20204 min read


Key risks – an infrastructure sectoral view
The COVID19 crisis and ensuing credit crunch will hit different assets in different ways. The intention of this article is to provide a...
Apr 4, 20204 min read
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