Genesis Energy Limited (DE:1G6) has released an update.
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Genesis Energy Limited faced energy supply challenges in the fourth quarter of FY24, leading to increased thermal generation at Huntly due to gas shortages and low hydro storage. The company is managing fuel security by importing additional coal and concluding sales of Huntly Firming Options contracts. Meanwhile, Genesis’ retail business showed robust growth, and progress continues on the Lauriston Solar Farm, with generation expected to begin in Q2 FY25.
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