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One reason why I've been working on offshore windfarms is that this is a new, and thus poorly understood, sector, so most banks are not yet interested.

But I consider that these kinds of risks is where you have value added in being a pioneer; it takes a bit more work to understand what you're doing, but you actually make ot more money for what ends up being a reasonably transaction; whereas in transactions in the onshore sector, the risks are well known - but now in most cases wildly excessive from a sane banker's perspective.

Of course, once we show that it can be done, there will be a rush by other banks.

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

by Jerome a Paris (etg@eurotrib.com) on Thu Nov 30th, 2006 at 06:07:56 AM EST

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