Since solar and wind energy "fuel" costs are zero while fossil fuel for energy plants have to be paid every year, the key to driving down renewable costs is the costs of capital If renewables paid 4% instead of 8% for capital, their Levelized Costs of Energy would be cut almost in half. Lets hope 2021 results in lower cost of capital for renewable projects, and less subsidies for fossil fuels.
Since solar and wind energy "fuel" costs are zero while fossil fuel for energy plants have to be paid every year, the key to driving down renewable costs is the costs of capital If renewables paid 4% instead of 8% for capital, their Levelized Costs of Energy would be cut almost in half. Lets hope 2021 results in lower cost of capital for renewable projects, and less subsidies for fossil fuels.