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Some of the bankers with whom i've had discussions in the last week or so agree that the windpower M&A market will benefit from this slowdown.  The theory is that wind stocks (and projects) will benefit as money moves to investing in a market which hedges itself, and where longer-term cash flow is not impacted by market fluctuations.  (Renewable electricity remains a priority.)

Does that seem a fair assessment?

"Life shrinks or expands in proportion to one's courage." - Anaïs Nin

by Crazy Horse on Fri Jul 27th, 2007 at 07:27:42 AM EST
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It does sound like a fair assessment. Hopefully Jerome will chime in with his opinion.

Money is a sign of Poverty - Culture Saying
by RogueTrooper on Fri Jul 27th, 2007 at 08:58:18 AM EST
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with the proviso that the market for producing wind assets has been somewhat frothy for the same reasons as elsewhere: investors with lots of cash, and aggressive lenders. Whether the safety considerations dominate these liquidity ones is not certain, but very much possible.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Fri Jul 27th, 2007 at 09:59:01 AM EST
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Another thing is that investor in wind farm will likely put more pressure on politicians to provide with long term stable regulation and tax breaks in these areas, this will also add to the move to "real" assets.
by Laurent GUERBY on Sat Jul 28th, 2007 at 06:29:10 AM EST
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