RENEWABLE ENERGY

Technical glitch delays SWERF project yet again

Energy Development announced this week that testing at its SWERF plant in Wollongong had been 'te...

Share market traders and analysts alike were not impressed as the technical glitch means the waste-to-energy technology will take longer to come on stream than previously anticipated. The share price fell 35c on the announcement of the delay to finish at $5.99. One analyst who has been quite sceptical of SWERF technology has downgraded the stock to outright sell.

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