The attached IRENA report confirms the cost of capital to finance renewable energy projects by country has increased significantly.
It will be interesting monitoring the impact the increased cost of capital will have on offshore wind, onshore wind, on shore solar, offshore solar, biomass, geothermal, etc. during the coming two to three years. The increased cost of capital combined with the queue for interconnection agreements are significant obstacles to overcome. 1,235 GWs of installed power and 2,200 GWs of capacity in queue as of April 2023.Â
