Rising interest rates are the policy objective to reducing inflation which should be good for wind power, however this is causing a snafu in the funding market for wind farm projects.
For a comparison of on vs offshore it could make sense to normalize the costs by the capacity factor. 56% are already great numbers for renewables.
Regarding the infrastructure costs, a changing energy system needs an adjusted grid. For the fossil power plants we already have that grid, but we needed to build it as well in the first place, which was of course as well linked to costs. So blaming renewables for needing infrastructure investment is a bit short sighted in my opinion.
I guess you mean 45$/MWh, no?
For a comparison of on vs offshore it could make sense to normalize the costs by the capacity factor. 56% are already great numbers for renewables.
Regarding the infrastructure costs, a changing energy system needs an adjusted grid. For the fossil power plants we already have that grid, but we needed to build it as well in the first place, which was of course as well linked to costs. So blaming renewables for needing infrastructure investment is a bit short sighted in my opinion.
Great piece again 👍