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Yes, we are seeing very low bids. $26-$30/MWh for solar doesn't even turn heads anymore. And battery costs are coming down too, and I think that curve looks mo
by omarhaneef 7y ago
Yes, we are seeing very low bids. $26-$30/MWh for solar doesn't even turn heads anymore.
And battery costs are coming down too, and I think that curve looks more linear, but its coming down.
One of the issues is that these costs are so capital intensive that the financing costs drive a lot of the price drop. With near zero or negative rates in so much of the world, I think its hard to tell what the real rates would be.
- beat 7y agoCapital costs are a legit concern. If something happens in international markets that causes interest rates to spike globally, it will set back the pace of conversion tremendously.
- Analemma_ 7y ago“Fortunately” we appear to be heading into a recession, so I doubt high interest rates are on the way any time soon.
- toomuchtodo 7y agoAny way to leverage negative interest rates from developed countries into renewables? Very interested if someone knows how to facilitate such a bond issue.