A 20-year PPA gives a $4 billion power project a buyer and a revenue horizon.

It does not reveal who pays when reality disagrees with the model.

Four private clauses can change the economics without changing the announced megawatts:
1. delay — who finances the wait;
2. fuel — who absorbs the index and transport;
3. replacement — who pays after service or warranty; and
4. exit — who carries termination and residual-value risk.

The public record supports the buyer, ownership, term and equipment commitment. It does not yet price every downside path.

Read the remedies before the megawatts.

Full story and sources: https://iamrobin.ai/binary/stories/twenty-years-is-not-the-protection/

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