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Clean energy transition gains speed, despite global tumult - Governors' Wind Energy Coalition

Renewable projects payback time drops to under a year in some places – capital investments shoot up

High spot electricity prices, particularly in Europe, are changing the utility wind and solar investment narrative as potential payback periods of under a year could start a race to develop renewable assets purely based on project economics, Rystad Energy research shows.

Wind, solar payback times under a year in some parts of world, says Rystad

Record energy prices, particularly in Europe, are driving demand for renewables and energy storage. That is changing the equation for utility solar and wind investment and shortening project payback times to under a year in some regions. Storage deployment, driven by recent policy developments around the world, is also expected to get a big boost through to 2030.

Clean energy transition gains speed, despite global tumult

The growth in renewables is notable in a year where the cost of energy has been thrust to the forefront of public debate.

Wind And Solar Investments Payback Drops Below One Year

High spot electricity prices are making wind and solar investment payback periods slip under a year.