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IM-limited-O the accelerated depreciation, which I estimate to be on 60-70% of the cost of the turbine, is a real positive for MYT. It would have been even better if the towers could have been accelerated from 50 years too! The tax benefits from accelerated depreciation is one of the main reasons Warren Buffett got into wind / solar. MYT doesn't have profits elsewhere so it won't really help us in the way it helps Berkshire. Still, the accelerated depreciation means less or no tax in the early years, which leaves more for growth and/or to pay down debt - perfect. I guess this was a big motivator for MYT changing to the Indian accounting standards ahead of the 2018 deadline. I know from your previous posts you'll already know that, Hounddog - it's more for my benefit putting my own thinking into words! So the question was whether the wind turbines will last only 15 years instead of 25-30 years assumed on the previous European accounting standards. The problem being MYT will need to spend capital to replace them earlier than expected. Here's my thoughts on one of the components: rotor blades... The rotor blades are approx. 20% of the turbine cost and have changed from 30 to 15 years under the new Indian accounting standards. There was some UK research a couple of years ago that suggested blades are good for 15 years (I think) - the blades are still useful but there is a huge drop in efficiency from wear and tear and lack of maintenance. These studies were based on early industry turbines - not the turbines MYT has in place (and even MYT's early ones aren't great compared to what they have now). I'd hazard a guess that MYT will get 25 years of 90%+ efficiency from their rotor blades. However they may want to replaces the blades earlier for technology (or tax) reasons, although I doubt they will. The technology is moving so fast now that blades can be twice as long and the towers a lot taller. It means we can capture 2-4 times the wind power using the same footprint. This is why I'm not too concerned about the lower auction prices. Equipment costs are falling too. So aside from the early tax benefits, I think it's fair and reasonable that these assets can depreciate quicker as the technology is developing so fast. IMO it should benefit MYT. Like Hounddog, I'd also encourage others' views - especially those that are different from mine or ours. No-one will be attacked for the ideas they share. We're all here to learn. I've continued to enjoy posting on this board because we discuss, challenge, and debate MYT - the good, the bad and the ugly - 90% good, 8% ugly and 2% bad IMO ;)