This story was originally published by The Guardian and is reproduced here as part of the Climate Desk collaboration. Coal financing costs have surged over the last decade as investors demand returns four times as high as the payoff required from renewable energy projects to justify the risk of investing in fossil fuels, as the world moves towards cleaner energy sources. A University of Oxford study found that over the same period the cost of investing in renewable energy sources, such as wind farms and solar arrays, has tumbled as the clean energy technologies prove they can be cost-effective and lucrative investments. The research analyzed the cost of financing energy projects by tracking the “loan spreads” offered by lenders, which determine how high they expect their returns to be to cover the risk of investing. Investors typically require wind and solar energy projects to make returns of at least 10% to 11% to account for the low risk of the investment.
New Coal Projects Have Gotten Super Expensive To Finance
Piper McDaniel, Mother Jones
Tue, 04/20/2021 - 3:00am
Topics: the guardian and is desk collaboration coal a university investors dr ben caldecott while europe australia america caldecott dr xiaoyan zhou this it oxford caldecott oxford sustainable finance programme the costs financing energy oil cost gas returns risk investing loan climate solar renewable wind report cleaner isn required decade farms plants period power spreads offshore sources fallen climbed justify fuels production lead industry onshore tackle high surged world fossil mines research occurring investments rise pace risks stranded change
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