The mood surrounding the renewables sector has certainly lifted and our wind farm has ridden through a challenging two-year cycle of political and market pressures.
As we signalled in our Annual Report last year, our focus has been on containing costs and paying down debt. We are pleased to report that over the first six months of this financial year we reduced our debt by close to $180,000, down from $1,299,889 to $1,119,937, with a further $250,000 budgeted to be paid off by the end of the financial year. It’s worth noting that in less than five years of generation we have reduced our original debt of $3.1 million by 64%.
Check out the full report here: http://eepurl.com/bQqzcr