HomeNewsOpinionRenewable energy is getting more expensive. What happens now?

Renewable energy is getting more expensive. What happens now?

It’s particularly bad news that the price of solar, and especially offshore wind projects, is now going up rather than down. Higher interest rates, as the US and other countries are now experiencing, and rising cost of raw materials are raising the upfront costs of capital projects

We’re stuck in a world of tradeoffs precisely because unemployment is low and the economy is firing on all cylinders. (Source: Bloomberg)

Matthew Yglesias is a columnist for Bloomberg Opinion. A co-founder of and former columnist for Vox, he writes the Slow Boring blog and newsletter. Views are personal and do not represent the stand of this publication.

first published: Sep 11, 2023 10:58 am

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Renewable energy is getting more expensive. What happens now?

It’s particularly bad news that the price of solar, and especially offshore wind projects, is now going up rather than down. Higher interest rates, as the US and other countries are now experiencing, and rising cost of raw materials are raising the upfront costs of capital projects

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