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Redeye is pleased with Arise’s Q3 production figure of 59.8GWh, which was released on 9 October. The production figure aligned with our estimate of 60.3GWh but was lower than the quarter’s budget of 67.0GWh. According to our calculations, with Q3’s production figure in the books, Arise will deliver a very solid realised revenue per MWh in the third quarter, supported by price hedges at very high levels.
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