Due Diligence - Are all Wind Farms a good investment and how can you tell?

First you can ask questions about the internal consistency of the numbers.

Below are financial projections from  a recent prospectus for a community-owned windfarm.

These tables show cashflows over 25 years for the project.

The first shows overall returns to individual shareholders of 6% as shown in the prospectus.

The second shows assumes the windfarm was financed entirely by shareholders.

The third shows cashflows where there is a bank loan and government grant in place.