Clouds Begin to Clear on Renewable Supply Kinks

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High commodity prices and supply-chain issues have caused renewable investment costs to increase by at least 10% and sometimes 30% in the past two years, according to developers Energy Intelligence has spoken to. Many projects have also been delayed or postponed. But investors and energy consumers remain hungry for renewable projects and industry players are seeing price and supply tensions starting to ease. While most developers had to renegotiate supply contracts and many are still struggling to get fixed prices for components or equipment, some of the largest ones have passed the peak and started to sign contracts for equipment delivery in 2023-24 at prices lower than today.

Topics:
Renewable Electricity, Policy and Regulation, Resource Access, Low-Carbon Policy
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