Subscribe  Log in | Register | Advertise | Digital Issue   |   Search
  • Decarbonisation
  • Electrification
  • Renewables
  • Gas & LNG
  • Finance
  • Trading & Markets
  • Strategies & Trends
Search
Related Articles
Burning developed fossil fuel reserves will exceed 1.5°C carbon budget
Significant proportion of CO₂ from oil, gas and coal assets either producing or under construction must be left unburned, study says
Vestas expects US order boost from climate act
Danish wind turbine maker welcomes Inflation Reduction Act but reports second-quarter loss as inflation and supply chain issues continue to weigh on performance
World faces setbacks on energy challenges
Slower-than-expected progress on nuclear power means the world must look elsewhere for decarbonisation options
US act would expand credits for transition technologies
Bill would provide support to companies involved in the manufacture of wind turbine components, solar panels and EV batteries
Egypt’s renewables drive shifts focus
Green hydrogen and distributed solar grab investor attention as country prepares for Cop27 climate talks in November
Siemens Gamesa’s losses deepen on rising costs
Turbine prices must rise to reflect manufacturers’ costs or risk impact on transition, says CEO
US onshore wind hits post-PTC slump
Second-quarter onshore wind installations fell 78pc year-on-year amid uncertainty around the extension of tax credits and rising costs
EDPR in €250mn German solar deal
Madrid-based company buys solar developer Kronos to tap accelerating solar growth in Germany
US explores offshore wind in Gulf of Mexico
The government has opened a public consultation on over 730,000 acres proposed for wind energy development offshore Texas and Louisiana
Solar key to Mozambique’s renewables ambitions
Investor interest grows as government prioritises diversification of energy sources and development of clean power
Cost of key materials used in solar PV and wind turbine manufacturing has increased
Wind Solar IEA Energy transition
Stuart Penson
1 December 2021
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

IEA warns of commodity cost threat to renewables

Rising prices could delay wind and solar projects and add $100bn to costs, agency warns

Surging commodity and transport prices could counteract cost reductions achieved in onshore wind and solar since 2015 if they persist through next year, according to the IEA. Onshore wind and solar costs could rise by 25-30pc, adding about $100bn to the overall investment needed to complete projects that are already contracted, the IEA’s analysis shows. This cost inflation could delay the installation of about 100GW of planned capacity. “Renewables were on the deflation side of the picture, improving their competitiveness. However, there is a new challenge coming up,” says Heymi Bahar, senior analyst for renewable energy markets and policy at the IEA. “The prices of key materials that are

Welcome to the PE Media Network

PE Media Network publishes Petroleum Economist, Hydrogen Economist and Transition Economist to form the only genuinely comprehensive intelligence service covering the global energy industry

 

Already registered?
Click here to log in
Subscribe now
to get full access
Register now
for a free trial
Any questions?
Contact us

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Burning developed fossil fuel reserves will exceed 1.5°C carbon budget
10 August 2022
Significant proportion of CO₂ from oil, gas and coal assets either producing or under construction must be left unburned, study says
Vestas expects US order boost from climate act
10 August 2022
Danish wind turbine maker welcomes Inflation Reduction Act but reports second-quarter loss as inflation and supply chain issues continue to weigh on performance
World faces setbacks on energy challenges
Opinion
10 August 2022
Slower-than-expected progress on nuclear power means the world must look elsewhere for decarbonisation options
US bill on climate passes Senate
8 August 2022
The Inflation Reduction Act contains a series of measures to stimulate the low-carbon economy in the US

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
  • Twitter
Tweets by Transition Economist
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2022 The Petroleum Economist Ltd
Cookie Settings
;

Search