After experiencing unprecedented growth that saw the number of renewable energy projects increase several times over, green-energy projects could potentially face a capital crunch due to high interest rates. Solar and wind project installations may be at an all-time high, but several reputable publications predict that several factors, including high interest rates, could make it difficult for renewable energy projects to access funding and impact green-energy commodity prices in the future.
Several years of cost reductions and legislative support, as well as an explosion of investor interest, directed massive investment into green energy and resulted in significant wind- and solar-power development across the globe. Projections from the International Energy Agency show that the…
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