The point about the cost of capital doesn't make sense to me. Coal and Natural Gas have vaguely similar cost of capital, but Solar can be deployed in *much* smaller increments. High capital costs benefit solar.
And we are talking about the developing world where increasing the energy supply is driven by raising the standard of living, not…
The point about the cost of capital doesn't make sense to me. Coal and Natural Gas have vaguely similar cost of capital, but Solar can be deployed in *much* smaller increments. High capital costs benefit solar.
And we are talking about the developing world where increasing the energy supply is driven by raising the standard of living, not by transitioning to a new fuel. The grid needs to grow out regardless of the fuel supply.
Coal and Natural Gas increase the risk of receiving a reasonable return on investment because the cost of solar and wind is continuing to fall rapidly. Investing in Fossil creates a high risk of needing to compete with far cheaper renewables in 10 years.
The point about the cost of capital doesn't make sense to me. Coal and Natural Gas have vaguely similar cost of capital, but Solar can be deployed in *much* smaller increments. High capital costs benefit solar.
And we are talking about the developing world where increasing the energy supply is driven by raising the standard of living, not by transitioning to a new fuel. The grid needs to grow out regardless of the fuel supply.
Coal and Natural Gas increase the risk of receiving a reasonable return on investment because the cost of solar and wind is continuing to fall rapidly. Investing in Fossil creates a high risk of needing to compete with far cheaper renewables in 10 years.