Renewables costs: The only way is up - or is it?

In:

Renewables

Region:

Middle East & Africa, Americas, Asia-Pacific, Europe

Thomas Hopkins

Deputy Editor

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Renewables supply chain costs are going up. The cost of project debt is going up. The cost of hedging is going up. But costings for many projects were agreed long before the current turmoil, which will leave some out of pocket. Add merchant risk to the mix and what had become a largely vanilla project finance market is looking decidedly tutti frutti.