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36 - How to develop a storage project with Andy Willis (Founder & CEO @ Kona Energy)

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How Long Does It Take to Get Planning Permission for a Battery?

There is a point where you got to think, where yes, the cost of capital is going down. What do you know, low interest environment, by the way, not necessarily right now. So yeah, three times plus what it was two or three years ago. And that is directly impacting the IRRs of these projects because we've got the capex has gone upBecause cells cost more and inflation and all of that plus premiums on sites. But there is still this kind of scarcity value within the market that if you have a project with a kind of quicker grid connection date, that is kind of valuable.

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