Willy,
Looks to me like power comes off the bottom left circuit breaker and then goes out the conduit at the back of the panel.. I assume to some on/off switch. Goes through the switch and comes back out of the conduit as the white wire wrapped in black tape. This wire would be hot when the switch was on. The taped white wire is connect the black primary transformer lead, the white primary lead from the transformer is then connected to your Neutral bus.
The secondary side of the transformer has two black wires that are connect to the Red and Blue wires going to the light.
You should be able to use a voltmeter and measure about 12 volts AC between the Red and Blue wire nut connections, when the switch is on.
Not sure what problem you are seeing?
Thanks,
Jim R,