Don’t Envy the Developers of Every Large Solar and Wind Project

I often lament that I’m never financially involved in the multi-billion solar and wind projects.  Generally, each one happens with its own inner sanctum of bankers and lawyers. It’s hard not to envy them, though, as I add no value there, I’m never invited to play.

Occasionally, however, one of these projects blows up at a galactic level, leaving developers and all manner of equity and debt financers in an extremely unenviable position.  Here, for example, the companies who had committed to PPAs (power purchase agreements) in the “Cape Wind” deal have backed out.

Glad I’m nowhere near this supernova.