I don’t think they’ll be stranded assets as a gas plant would be, as there’s no marginal cost for fuel. If the project doesn’t break even, debt will be shed, someone will take a haircut, and the solar asset will continue to produce. We’re only talking a handful of basis points here.
That's a good point. The bank might prefer a haircut to litigating an insolvency, especially if the best-case scenario for the insolvency is that they get possession of the power plant.
