Interesting piece as usual Jerome. I am surprised to learn that lenders are so inflexible. Presumably there are some extra steps between ‘prices are too low to service debt’ and ‘banks foreclose on asset’. Is there not a payment holiday function, like a mortgage on a house for homeowners in financial hardship?
Wind needs to be competitive against the lowest price of gas, not the average (or the current) price
Great analysis
Interesting piece as usual Jerome. I am surprised to learn that lenders are so inflexible. Presumably there are some extra steps between ‘prices are too low to service debt’ and ‘banks foreclose on asset’. Is there not a payment holiday function, like a mortgage on a house for homeowners in financial hardship?