European Tribune - Comments

Open Thread | 47 comments (47 topical, 0 editorial, 0 hidden)

has bought several offshore projects in the UK last yea - Thanet (300MW with Vestas) and Ormonde are the most advanced ones. I was working on the financing of Ormonde, but Vattenfall, so far, does not use project finance (the financing for Thanet was even in the market when they bought the project, and yanked the deal out)

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Wed Jul 15th, 2009 at 03:24:16 PM EST
[ Parent ]

Re: Vattenfall (none / 1)

By this you mean Vattenfall don't see fit to borrow?

"Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky

by ChrisCook (cojockathotmaildotcom) on Wed Jul 15th, 2009 at 03:31:49 PM EST
[ Parent ]

Re: Vattenfall (4.00 / 2)

They don't use non recourse debt, building the project on their balance sheet. They borrow on a corporate basis.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Wed Jul 15th, 2009 at 03:39:22 PM EST
[ Parent ]

Re: Vattenfall (4.00 / 2)

What's most interesting is that a small German utility, EWE, has taken the lead position in this project, against E.On and Vattenfall. EWE is the local utility from Oldenburg, Germany, not an international player by any stretch.

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

by Crazy Horse on Wed Jul 15th, 2009 at 03:37:19 PM EST
[ Parent ]

Re: Vattenfall (none / 0)

You mean apha ventus rather than Ormonde? (Whih, before someone else corrects me, is in the Irish Sea off the UK, not in Ireland...)

_{*Lunatic*, n.

One whose delusions are out of fashion.}

by DoDo on Wed Jul 15th, 2009 at 03:54:46 PM EST
[ Parent ]

Re: Vattenfall (none / 1)

Mein Fehler. I meant Alpha Ventus.

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

by Crazy Horse on Wed Jul 15th, 2009 at 04:29:31 PM EST
[ Parent ]

Open Thread | 47 comments (47 topical, 0 editorial, 0 hidden)

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