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... equity from the seeded farms is the realized flow of revenue from the sale of the power they generate over operating costs, since the seeding farms own a pure equity stake in the seeded farms and in all farms they seed in turn during surplus periods.

Accelerating amortization of finance capital funded windpower under predatory state market arrangements can reduce exposure to the being bankrupted by a downswing ~ and downswings are to expected, since the ride down from Peak Oil will be a bumpy one ~ but cannot eliminate insolvency risk. By contrast, a pure equity holding with no fixed obligation has no insolvency risk if the operating costs themselves are below the price maker's capital cost.


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Wed Mar 30th, 2011 at 05:15:40 PM EST
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