BNEF: cost of new renewables rises as inflation starts to bite
Green Car Congress
JULY 1, 2022
Despite temporary cost rises for renewables, the gap to fossil fuel power generation continues to widen due to fuel and carbon prices rising even faster. New-build onshore wind and solar projects are now around 40% lower than BNEF’s global benchmarks for new coal- and gas-fired power. More recently, labor costs started to rise.
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