Infigen Energy (ASX:IFN) is battling to retain investor confidence, according to reports by Fairfax Media.
Australia’s largest listed renewable energy company is suffering from low prices for electricity and renewable energy certificates locally.
Overseas sales have been eroded by strong currency, debt repayments and production tax credits. Analysts say that Infigen faces higher maintenance costs as its wind turbines come off warranty.
Managing Director Miles George has reportedly told media sources there isn’t the prospect for growth in the current market environment. The company has plans to diversify into solar energy.
Infigen reported a half year net loss of $34.4 million to December 31, 2010.
