RE: RE: Thoughts? As I understand it, in order to have financial close, you have to not only have your PPA, but your total design & engineering package completed, including materials, and all approved by the local regulatory authorities.
At that point, the Project can be constructed (and finished relatively quickly so it can produce income).
There is a huge jump in value when you have a project approved, contracted, PPA in hand, and construction ready. That is why FVR wasn't worth much. And that is why WND's other early stage projects have an insignificant value compared to the ones that are operating.