Thanks people, that clarifies it more for me, the SPV being a separate entity for each project makes sense, each project really is a sophisticated and complex affair and the accounts would need to be separately managed.or as you say, ring-fenced.
As you say, one project should be easily managed but with each additional project the complexity rises, specially if one of the players eg the lender is the same. It'll certainly give the auditors something to do.
Well, lets hope the folks and the IT at Fluence are up to the job.
Ann: Fluence March 2019 Quarterly Report Business Update, page-33
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