I understand why Blackstone is buying the nat gas power plant, but I'm not sure why Ares Management is willing to sell - they must need cash or something.
Of course they are! What other choice is there to meet their need? The selection of coal could have been considered but transport and storage at the locations of these planned facilities eliminated that choice. So natural gas is the best choice,
Aren’t you glad that you don’t live in the eu state of self destruction?
I understand why Blackstone is buying the nat gas power plant, but I'm not sure why Ares Management is willing to sell - they must need cash or something.
Of course they are! What other choice is there to meet their need? The selection of coal could have been considered but transport and storage at the locations of these planned facilities eliminated that choice. So natural gas is the best choice,
Aren’t you glad that you don’t live in the eu state of self destruction?