Renewables face challenges from rising material costs and interest rates

The podcast discusses how the renewable energy sector is facing challenges from increasing material costs and rising interest rates. The episode highlights that the cost savings in renewables over the last decade have largely come from cheaper material costs and lower capital costs. However, with the normalization of these costs, there is a potential for real problems in the industry. The podcast mentions specific examples such as the doubling of the cost of average green hydrogen facilities and major overhauls of power purchase agreements for wind projects. These developments indicate a shift in the dynamics of the renewable energy sector.