Germany, Netherlands and Sweden have lowest cost of capital for utility scale PV
The International Renewable Energy Agency (IRENA) has released new data on the cost of capital for solar PV, onshore and offshore wind in the period between 2020 and 2021. Results show that Germany and the Netherlands have the lowest cost of capital in Europe at 2.2%, while the United States, China, India, and Australia show values of 5.4%, 3.9%, 7.1%, and 4.6%, respectively.
Will Africa be left behind in the scramble for renewables?
Buoyant predictions about a rosy future for African photovoltaics, based on the continent’s abundant solar resources, continue to overlook the difficulties of securing investment, as Empower New Energy co-founder and CEO Terje Osmundsen explains, referring to a report published by the Africa Solar Industry Association at the World Future Energy Summit in Abu Dhabi today.
Varying capital costs favor wind over solar in Europe
Differing finance costs across the continent are likely to see wind-rich, high electricity demand nations such as Germany, France, Austria and Belgium forge ahead with renewables at the expense of countries with plenty of sun but where borrowing is expensive, according to a German study.
There may be a sunny outlook for Greece
The nation elected a new government yesterday, awarding a clear majority to the pro-EU New Democracy party. What could that mean for Greece’s solar sector?
