The 'thing in it' for Genesis is not having to come up with a whole lot of new capital to build a new wind farm (rather obviously)! The downside for Genesis that as wholesale power prices rise in the future, then the increase in capital value of the Waverley Wind Farm will strengthen the balance sheet of the Waverley windfarm owner Tilt, not Genesis. That adds to the short medium and long term downside for Genesis of paying more for the energy generated from Waverley in perpetuity.
SNOOPY
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