Dear Canem Malum,

Hell mate you do blather on.

The topic was about renewable and somehow you have started rabbiting on about "communist manuals on the stages of insurgency- it appears that we have reached the third stage in a sense."

Struth that reads as utter gibberish. What is going on in that head of yours? You are making Bazz look like a bastion of logic and consistency.

I assume they are a private rather than public company.

Equity firms seem to be often restructuring their holdings so it's not completely surprising that they're being sold- but I think you're onto something- don't invest in renewables- their business models may not be profitable.

You asked-

1. If this is so how much more subsidy would be needed ?
2. I thought wind and solar was cheap energy ?

Answer-

1. Good question- not sure.
If they use renewables to run concentrators to make U235 or Pu it might be more sustainable. I've heard of a few bankrupt renewables firms.

2. The energy could be cheap in theory the storage is a different issue. If the energy production can be closer to the consumer then that is good but it's useless if the storage can't be. The market is a harsh mistress- good intentions and opinions aren't enough

Bazz,
Yes you've got the value of renewables wrong,

>As on usual figures it would average 0.3Gw/hr over a year.

Those units are a dead giveaway that you've made a mistake!
Capacity factor for wind power is usually about 30%.
So for 2GW of capacity its average output would be about 0.6GW.
Over a year that works out as 5.26TWh

Aiden said "So for 2GW of capacity its average output would be about 0.6GW. Over a year that works out as 5.26TWh"

Answer- Good point Aiden- but why is the firm being sold- in your view.

Subsidies are built into our economy and "Can-Do-Capitalism" relies on them in many areas to function.

As well as examples like privately run Aged Care, Telecommunications, the Health Insurance industry and Employment agencies just to name a few, we also heavily subsidise the fossil fuel industry.

Last year fossil fuel subsidies increased by $1.3billion to a total of $11.6billion.

Canen,
Private equity firms work by buying businesses cheap and selling them at a profit. There are several reasons they can be cheap, including: they can be new (startups can grow quickly and so be very lucrative). They can be oversold on the stock market. They can be badly run (in which case the private equity firm changes the way they're run).

I think this is an example of the first of those reasons: CWP grew quickly, and now its owners have decided it's time to sell.