SNL Energy Daily Cites Daniel Sinaiko Blog Posting in BP Wind Sale Story
“BP Withdraws Wind Assets From Auction,” a posting by Akin Gump global project finance partner Daniel Sinaiko on the firm’s AG Speaking Energy blog, has been cited and quoted by SNL Energy Daily for its article “BP cancels sale of US wind business.”
Noting that Sinaiko had characterized this decision on the part of BP as “an unexpected about face,” the article quoted the author as follows:
“The announcement of the asset sale seemed to be well timed and the proposed sale seemed to command a lot of attention from prospective buyers. Low interest rates, high demand for assets with stable cash flows and a shortage of contracted wind power projects have created what is conventionally regarded as a seller's market for operating assets.”
To read the full blog posting, please click here.