richfool wrote:I've been doing a bit of intermittent reading on these this evening. Thoughts that arise:
Is it not the case that the subsidies already in place are guaranteed for 15 - 20 years?
Do we really think that energy prices will fall further, bearing in mind that Governments will want to suppress demand/consumption in order to minimise environmental emissions.
Wind seems to be the preferred renewable energy source.
JLEN has a wide spread of activities, including: Solar: 23%. Wind: 33%. Waste water: 15%. Waste digestion: 28%. Hydro: 15%
TRIG: Solar: 11%. Wind (onshore & offshore): 89%. Battery: 1%
Yes richfool thats true, but if the trusts want to expand their estate (which they all do, hence the new share issues every so often to fund the expansion) then there only options are
a) Buy some plant already covered by a subsidy scheme - not many of those on the market
b) Go subsidy free and face the full perils of whatever the energy market might do in future years with no protection (unless they negotiate their own PPAs).
Some trusts are better situation in terms of this than others, but the share price (and premium) of FSFL and NESF have already been hit. IMV its only a matter of time till the same happens to all the others.