Volts cover image

Volts

Are markets the right tool for decarbonizing electricity?

Jun 12, 2024
Author Brett Christophers discusses how profitability, not cost, drives renewable energy deployment. Challenges of using markets for decarbonizing electricity are explored, emphasizing the importance of government support. Topics include bid selection, market volatility impacting renewables, and unique challenges in electricity generation. Corporate power purchase agreements, government subsidies, and financing strategies for accelerating the transition to renewable energy are also discussed.
01:35:31

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Quick takeaways

  • Profitability challenges hinder rapid scaling of renewables
  • Government subsidy crucial for sustaining renewable energy growth

Deep dives

Renewable Energy Profitability and Market Dynamics

Renewable energy development faces profitability challenges due to the importance of profitability over comparative costs. The economic model of renewable energy is not as profitable as perceived due to competition solely based on price, land cost implications, and timing issues impacting revenue potential.

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