Laidlaw Energy Group, Inc.(fka LLEG)

[DragonBear]

So in your eyes nothing becomes obsolete

Where did I say that? You're stretching.

What I see is an industry that is obsolete coming out of the starting gate. Doesn't matter if it's Berlin or Whitefield. Both need a PPA guaranteed price above spot market rates to survive. Both can not survive for decades on the open market without what amounts to a State sponsered subsidy.

The issue for the Koreans isn't that Whitefield is obsolete relative to the Berlin project. But rather both projects need a PPA to operate for profit, and they were being asked to take a 20 month PPA, while their new competitor gets a 20 yr PPA.