Quote:
Originally Posted by DoubleK
How long did it take the Enmax Shepard generator to get online? It broke ground in 2011ish and was online in spring 2015? So 4 years for 800MW at a cost of $1.4B (likely more when you factor in the pool price being a lot lower than what they raised their capital at)?
|
Its actually worse than that. Keep in mind that the taxpayer-owned Enmax took on a financial infusion to stay on construction track, AFTER they broke ground:
http://www.capitalpower.com/MediaRoo.../2012Dec5.aspx
And your post is exactly right. Who of these companies or start ups are going to fund development of even renewable energy when the outside money needed will no longer be willing to invest? Shepard was not developed with only local money, you just can't get that amount of investment given the risk, and now the risk looks even greater.