Bookrunners cited the company’s “unmatched operational track record” and “strong pipeline of early-stage projects”, while acknowledging that a public markets IPO did close off many attractive opportunities for near-term wholesale value destruction by WoodMac.

“It’s the worst thing I’ve ever heard of in my entire life. That is, unless we can write the law in such a way that it’s breathtakingly arcane, convoluted, and rife with subjective interpretation of vague concepts….in which case I’d be totally stoked to the max. Oh, it is? Great. Wow. That’s so exciting for me. And here I thought the jig was up. [chuckling] [shaking head]. What a time to be alive.”

Has this ever happened to you? Have you ever been a brand-name private equity firm - or European IPP, Korean chaebol, Japanese trading house, traditional energy company, sovereign wealth fund, Scandinavian pension fund, large impact-motivated family office, very-rich-straight-white-male, or really any large pool of money - with a boatload of cash that you raised from institutional investors (or have yourself) where your original pitch/intention was to invest it in operating renewable energy power plants at a ~14% return, but then you realized that there were ~61,507 other similarly-motivated institutions with precisely the same idea/strategy; you couldn’t “win” any deals that resulted in anything vaguely resembling that return, and your dipshit boss Carson who’s 6 years younger than you is constantly asking you why you aren’t deploying capital