Another question is where all the power is going from West Texas windparks (at least until transmission is completely upgraded), and under what sort of contracts (aren't merchant plants there unprofitable at least in the short term?).
Can you help fill us in? "Life shrinks or expands in proportion to one's courage." - Anaïs Nin
Re the Utilities, one might be tempted to think that those mentione (eon, EDF, EDP, Iberdrola) use their balance sheet, but many actually use project finance as far as I know. The question is however, do they use PF from the beginning of construction or is the construction phase financed on balance sheet to then refinance once the wind farm is in operation, such as FPL (now NextEra) used to always do.
So it's hard to say. In the long run, we're all dead. John Maynard Keynes
