UPC RENEWABLES
set of challenging circumstances , Caffyn says it ’ s really a matter of coming up with different or imaginative ways of doing things . “ In Australia , as an example ,” he adds , “ it was a power contract market , meaning that nobody was really building anything unless they had a power contract . Recently it ’ s moved into more of a merchant market .”
UPC ’ s competitive edge is that it ’ s smaller than the big utilities
and large independents , and has the ability to bring in low cost equipment and financing and handles its own construction and operations management and as a long term owner commits to staying with projects rather than just selling out at the end of development .
“ If you have the expectation that you ’ re just going to get out of it soon , then all you care about is , ‘ How do I make sure that I can get to the next stage , then make this money to sell it , right ?” Caffyn says . “ It ’ s very different than looking at it and saying , ‘ it may not happen but I ’ m going to assume that I
70 September 2017