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Post by planetx on May 1, 2014 11:00:25 GMT
Many of the risks inherent in these wind turbine loans (for example the FIT regime) are not mitigated by spreading your money between several of them, and personally I am not very interested in taking on more of the same risks at a lower return. I wonder if AC sound out the underwriters regarding the interest rate before listing, as private investors will not make much of a dent in this one.
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j
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Penguins are very misunderstood!
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Post by j on May 1, 2014 13:33:47 GMT
Thar she blows one more time!
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thebillet
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Post by thebillet on May 1, 2014 14:21:19 GMT
Now says 9.5%, I suppose it depends on the strength of the wind.
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pikestaff
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Post by pikestaff on May 1, 2014 14:23:21 GMT
I'm blowing hot and cold on this one.
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oldgrumpy
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Post by oldgrumpy on May 1, 2014 15:43:24 GMT
I'm blowing hot and cold on this one. So's the rate....9.5% in the text; 8.8% under the horseshoe  Ah! To stem further speculation, AC said earlier in Q&A: We had seen the (8.6%) below the horseshoe and referred to our technical people. It appears that this interest rate takes the average of all user bids (some are at 8.5% and some at 9.5% as (mbac) correctly points out). Given rate is supposed to be 9.5% those who have bid at 8.5% will need to have their bids amended and we will work towards doing this. This should sort out the interest rate below the horseshoe although it may take a few days to achieve this."
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j
Member of DD Central
Penguins are very misunderstood!
Posts: 2,188
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Post by j on May 1, 2014 16:10:03 GMT
I'm blowing hot and cold on this one. So's the rate....9.5% in the text; 8.8% under the horseshoe Ah! To stem further speculation, AC said earlier in Q&A: We had seen the (8.6%) below the horseshoe and referred to our technical people. It appears that this interest rate takes the average of all user bids (some are at 8.5% and some at 9.5% as (mbac) correctly points out). Given rate is supposed to be 9.5% those who have bid at 8.5% will need to have their bids amended and we will work towards doing this. This should sort out the interest rate below the horseshoe although it may take a few days to achieve this."
So IT IS 9.5%?! Or is it 8.8%? NO its 8.5% I'm confused  I'm going off to have an ice cone 
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andy2001
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Post by andy2001 on May 1, 2014 16:29:35 GMT
Looking at the bids panel for posted bids. It shows early bids at 8.5%, and latter ones at 9.5%. The number under the horseshoe is probably the average.
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Post by Ton ⓉⓞⓃ on May 1, 2014 17:03:14 GMT
If you check out the Q&A they explain the interest rate situation. AIUI it's 9.5% Bids at any other rate they will work towards correcting them to 9.5% In EDIT I see mikes1531 has asked a Q. about the government making a retrospective change to the FIT policy. I think this will only happen in an extreme situation, such as Banks going bust, massive government debt & deficit and the like. Seriously though it wasn't suggested when the above thing just happened over the last few years, whilst it's not impossible it would be a big blow to the creditability of HMG. It's more likely that the Scots get freedom from the UK and I imagine that would take more than three years to negotiation. |
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mikeb
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Post by mikeb on May 1, 2014 18:03:52 GMT
So's the rate....9.5% in the text; 8.8% under the horseshoe Ah! To stem further speculation, AC said earlier in Q&A: We had seen the (8.6%) below the horseshoe and referred to our technical people. It appears that this interest rate takes the average of all user bids (some are at 8.5% and some at 9.5% as (mbac) correctly points out). Given rate is supposed to be 9.5% those who have bid at 8.5% will need to have their bids amended and we will work towards doing this. This should sort out the interest rate below the horseshoe although it may take a few days to achieve this."
Yes, I (mbac) asked because it was getting weirder, not clearer, so thought it best to stop bidding and start prodding  Attachments:
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mikes1531
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Post by mikes1531 on May 1, 2014 23:13:10 GMT
In EDIT I see mikes1531 has asked a Q. about the government making a retrospective change to the FIT policy. I think this will only happen in an extreme situation, such as Banks going bust, massive government debt & deficit and the like. I am realising that this point/question all depends on what is meant by "commissioning" -- which I thought I understood, but maybe I don't. From my engineering background, commissioning is what you do once you've finished constructing a project and are trying it out to make sure it works as it should. Test runs, so to speak. If that were to be the definition used for wind turbines, this one won't be to that point for a number of months, and if this turbine is entitled to the FIT tariff that exists at commissioning, then I saw scope for there to be a FIT tariff change that would adversely affect the economic viability of this project. There is, however, another definition for commissioning. If I were an artist, and someone 'commissioned' me to do something, then the commissioning would be done at the beginning. If that were to be the definition used for wind turbines, then this one probably will have been commissioned already, at which point the applicable FIT tariff would be set, and my concern about that would go away. So what we need to know in this case is whether this turbine's commissioning is in the past or the future.
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Post by Richard Martin on May 2, 2014 5:38:37 GMT
Commissioning in this context means connecting the turbine to the Grid and then ensuring that it is operating correctly. This process usually takes two or three days.
As I have explained in a response to a query on the Assetz site, this turbine has been pre-accredited and will therefore be eligible to receive the 18.53p generation FIT provided it is commissioned before 31.12.14. which is well after the anticipated commissioning date.
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mikes1531
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Post by mikes1531 on May 2, 2014 15:27:43 GMT
Commissioning in this context means connecting the turbine to the Grid and then ensuring that it is operating correctly. This process usually takes two or three days. As I have explained in a response to a query on the Assetz site, this turbine has been pre-accredited and will therefore be eligible to receive the 18.53p generation FIT provided it is commissioned before 31.12.14. which is well after the anticipated commissioning date. Thanks for the clarification.
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Post by Ton ⓉⓞⓃ on May 2, 2014 17:27:52 GMT
Commissioning in this context means connecting the turbine to the Grid and then ensuring that it is operating correctly. This process usually takes two or three days. As I have explained in a response to a query on the Assetz site, this turbine has been pre-accredited and will therefore be eligible to receive the 18.53p generation FIT provided it is commissioned before 31.12.14. which is well after the anticipated commissioning date. Thanks for the update. but... Once they break ground how long will it then take to reach commissioning from an engineering point of view? How close will that be to the end of the year?
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Post by Ton ⓉⓞⓃ on May 3, 2014 14:12:37 GMT
Can I ask if it was established that this loan (Scots Wind Turbine) was the last of the "three" to be listed and included in the April Cashback? As was discussed HERE and also HERE even tho' it might be outside of April. Hopefully a deputy of andrewholgate or chris can pin it down one way or the other. I'm sure that info will only help to fill this big loan up saving some underwriting. Thanks AC |
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Post by Richard Martin on May 3, 2014 16:15:28 GMT
Commissioning in this context means connecting the turbine to the Grid and then ensuring that it is operating correctly. This process usually takes two or three days. As I have explained in a response to a query on the Assetz site, this turbine has been pre-accredited and will therefore be eligible to receive the 18.53p generation FIT provided it is commissioned before 31.12.14. which is well after the anticipated commissioning date. Thanks for the update. but... Once they break ground how long will it then take to reach commissioning from an engineering point of view? How close will that be to the end of the year?
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I'm going off to have an ice cone 
