Windlab (ASX:WND) ¶
By: Claude on Nov. 6, 2018, 9:47 a.m.
Windlab has today announced that its equity partner for the Lakeland wind farm has pulled out of the deal, citing "risks associated with the project’s grid connection, including
risk of network losses and risk of curtailment".
Overall this is probably in part to do with lack of government support for renewable energy, as well as network planning issues, which may prove to be a persistant bother.
However, Windlab has plenty of experience working within this hostile environment for renewable energy, and things should get a bit easier if Labor win the upcoming election.
Nonetheless, this is bad news and the share price deserves to fall. If it does not, I may consider selling some shares (I am not in a rush, though).