scc
Member of DD Central
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Post by scc on Dec 17, 2016 11:48:42 GMT
First variable rate in a long time so classed as dividends for tax purposes.
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shimself
Member of DD Central
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Post by shimself on Dec 20, 2016 17:17:01 GMT
I've been right put off wind loans because of a number on AC where the output even after a year is below 50% of plan; they say they will still be sold and the loans covered as part of a package (ie mixed with some which work properly). But it seems to me the lesson is that the forecast production can be way off, which utterly devastates the refinance at a decent price. I've tried to squeeze preliminary production figures from Abundance but I don't think I'm going to get any info.
It also has to be remembered that Mosscliff went bust as have at least one manufacturer (basically I think because the FIT rates have gone down so fewer projects are happening, fewer turbines are being made, installed and serviced. So business is down, not looking likely to recover for at least a few years so it's not surprising some firms fold. The upshot being that if you lend to an SPV you are relying on a succesful project and that might not happen, but if you lend to a company which has multiple projects well several of those are failing as well. Shame
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