Let's talk about West Virginia, solar, and stranded assets....
Belle of the Ranch
Belle of the Ranch
4.9 • 1K Ratings
🗓️ 7 April 2022
⏱️ 5 minutes
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| 0:00.0 | If just thinking about your bills makes you feel confused and disorientated, |
| 0:05.0 | like your head is full of Raspberry, |
| 0:08.0 | then you need Monzo. |
| 0:10.0 | Download your new favorite bank and pay bills from custom pots. |
| 0:15.0 | Money never felt like Monzo. |
| 0:18.0 | UK Residents, Tease and see supply. |
| 0:21.0 | Well, out of their internet people, Lidsboe again. So today we're going to talk about solar |
| 0:27.2 | panel farms and stranded assets because those two things are going to start going together more and more and more. |
| 0:35.0 | West Virginia is getting a 3,000 acre solar panel farm. |
| 0:42.0 | 3,000 acre, that is huge. |
| 0:45.0 | And it is going right on top of an old coal mine. |
| 0:50.0 | I love it. |
| 0:51.0 | There's something poetic about that. But it brings us to something else that's |
| 0:58.7 | going to start hitting the energy sector. I can see it happening anyway. A lot of their assets are going to become stranded. |
| 1:07.0 | What that means is a company puts out money to get an asset, some kind of investment, right? |
| 1:15.0 | And they do this with the expectation of it producing long term, |
| 1:21.0 | and then something happens and that asset isn't going to produce that |
| 1:26.3 | money anymore but they still have the cost of that asset and if it drops too far it becomes a liability. It isn't worth |
| 1:39.7 | what's owed on it or what was spent. In the energy sector I imagine this is going to start |
| 1:47.2 | happening a lot because as the world moves away from dirty energy, |
| 1:53.0 | a whole lot of stuff isn't going to have the value it used to. |
| 1:57.0 | And you can think of simple stuff. |
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