Q: A significant portion of NPI's assets are offshore wind turbines which are sitting in salt water. That is an extremely corrosive environment. Surely the company conducts ongoing inspections and maintenance but some of these assets have now been in place for a very long time. Can we have confidence in their integrity?
I look forward to your thoughts.
Ian
I look forward to your thoughts.
Ian
5i Research Answer:
Onshore turbines typically last 30 years. Offshore 20 to 30 years, so there is a difference due to the conditions. But we believe investors have priced this in to valuations and would not consider it a material negative.