Post by
veracruz on Nov 30, 2014 1:23pm
You'd be crazy to sell!
It is no secret that as the renewables sector grows, that the number of electricity providers also grows. It is also no secret that as the number of providers goes up that profitability of traditional power generating facilities goes down. This is a frequently discussed topic with several of these large caps with traditional power plant assets. What this causes is that these ‘sharks’ with deep pockets swim around in our waters looking at the assets. Not to build…. But to acquire. The Beaty purchase, raises my interest, because I have heard of a few looking for assets right now. I do not think Alterra would sell, Beaty is already rich, and he is proud of Alterra, and has gone on record that he is doing it for his kids. But what I really find interesting, is that in 2015, as this snowballs, more funds/investors will position for this. And for the many of us Alterra faithful, we are already positioned before the big interest! Even Warren Buffets energy company holds renewables! It is the future!