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that is a personal opinion, not a fact. From Morningstar's recent research, the cost of renewables is continuously going up, while investment is falling. It ce

• ZeroGravitas 3y ago
  Your summary: > "the cost of renewables is continuously going up" Their actual report, first key takeaway, page 2 of 5: > "costs have fallen sharply"
  • momirlan 3y ago
    sure, if you go cherry picking the whole phrase is actually: "Although costs have fallen sharply, the true cost of any project depends on many factors" further down: "Offshore wind costs have soared 50%", and "these costs are unlikely to revert to prior levels." then: "Costs for offshore wind have soared largely due to higher turbine prices, which spiked in 2022 after years of declines. We do not expect a return to prior levels, which will keep pressure on offshore wind costs and risk renewable energy targets." then: "It will be difficult for solar to fill the gap left by higher costs and delays of offshore wind projects as it holds its own risks and issues." peace
    • ZeroGravitas 3y ago
      > "Although costs have fallen sharply, the true cost of any project depends on many factors" With that extra vital context, can we answer the question "Are costs continually rising or falling?" Answer: falling. Does this report expect costs to continually rise? No. Even their worst guesses about the future are about prices probably remaining stable for specific subsets of renewable energy.