There seems to be very little coverage or discussion of this story. But it's interesting to speculate. Why is Invenergy suddenly bailing out? If the outlook for wind energy is starting to cool (especially considering the upcoming Ontario election), and if their hopes for the Belwood project are dimming, is this simply a way of capturing a tax loss? Hmmm, when is the Invenergy year end?
And if the outlook for wind in Ontario is dim, why would TransCanada be so willing to buy the project back again? Was this sale truly an arm's length transaction?
In the world of politics and wind energy, and the pursuit of billions of dollars, I guess anything is possible.
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