FILE PHOTO: Sheep graze in front of wind turbines that are part of the Infigen Energy's Capital Windfarm located on the hills surrounding Lake George, near the Australian capital city of Canberra, Australia, July 17, 2015. REUTERS/David Gray/File photo
Infigen, which is the focus of a bidding war between Spanish utility firm Iberdrola and Philippine conglomerate Ayala Corp, also suspended the payment of dividends indefinitely. The wind and solar firm said that oversupply was being exacerbated by delays to generator maintenance because of coronavirus-spurred movement restrictions.
“Infigen believes that there will be a return to normal operating conditions once the COVID-19 pandemic is contained and that the inexorable exit of thermal generation will continue,” it added.
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