Tuesday, September 25, 2018 10:04:43 AM
What is the CEO going to say? "We learned from our many mistakes and have a new plan to make the sites in the pipeline profitable"? The problem is that the CAPEX is a fixed number. And it is big, big enough that it is hard to service just the debt let alone the OPEX.
This is not a hard problem, it is math. The current energy off takes are not sufficient to cover the CAPEX and OPEX for these facilities. Change the PPAs and the rest will take care of itself. Problem is that no one wants to pay for the increased PPAs. At least not today!
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