A report by renowned energy analytics firm Rystad Energy found that capital investment in renewables will reach $494 billion in 2022, compared to $446 billion in oil and gas over the same period.
As “Bilten” reports, the report of the Energy Agency of Serbia explained that until now the return on renewable energy projects (such as solar photovoltaic energy and wind) was low and primarily relied on subsidies to bring the projects over the profitability line.
In addition, while cost pressures from recent commodity and supply chain issues were expected to worsen the situation (due to the reversal of years of rapid unit cost growth in the sector), analysis by Rystad Energy showed that current spot prices in Germany, France, Italy and Britain is guaranteed a return on invested funds in 12 months or less, Danas reports.
