Hi there,
I read on this thread here that the finance company for KH are definitely going for a CFD for their share (regardless of how the co-op votes).
If that's definitely the case...
a) I understand CFDs are done "per turbine". Given that the co-op looks set to vote "no", and the finance company owns an odd amount (42.4%)... Does that mean 7.6% of KHs production (the bit on the 4th turbine they don't own all of) will belong to the co-op but be handled under a CFD arrangement anyway? How would that work in practice for member's savings? Would it just get added into the main "open market" pot the co-op has, when calculating the effective savings rate for the period?
b) From memory, the finance company was anticipated to be a relatively short term thing. I've got a figure of around 8 years in my head from a post on the Facebook group (that might be wrong though). When the finance company does eventually exit though, presumably their CFD arrangement would remain in place for a bit? Would this mean that even if the co-op votes "no", some of our production would be under a CFD anyway (until it ran its term). Again, how would that work in practice in terms of it's effect on member's savings?
It feels like, whichever way the co-op vote goes, we're likely to have at least some of our production under a CFD in any case? Particularly once the finance company exits?
Apologies if this is covered somewhere, if so please feel free to point me at the relevant document/video. I'm still catching up with it all.
Thanks a lot,
Andy