Ofshore is a bit more racy, but give nthat returns are lowish, it's going to attract the same kinds of investors, once they are convinced that the risk profile is okay.
TCW took 50% of the Centrica Boreas portfolio, paying £84M for 50% of the 220MW mainly offshore wind portfolio. In the long run, we're all dead. John Maynard Keynes
The projects gets access to cheap capital, and the original equity inivestors don't really care if the loan is converted into a sizable share ownership for the fund 10-15 years down the line, as their high demanded rate of return discounts profits 15 year into the future into almost nothing. Or is there some hole in my logic here? Peak oil is not an energy crisis. It is a liquid fuel crisis.
That's why the hedge-fund industry has not been a booming sector over the past decade. En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
