Geothermal Tracking Report: Project Finance Still Major Challenge (Renewable Energy World)
Despite healthy expected returns, finance-related challenges remain the largest barriers to renewable energy development, according to NREL's Renewable Energy Finance Tracking Initiative (REFTI).
A recently released report on geothermal technologies show greater than 10% expected returns for both developers and tax equity investors. Yet roughly half of both geothermal respondents reported financial issues (project economics, PPAs, creditworthiness, and raising capital) as the largest barriers to development. In light of this, only 11%-13% of respondents reported abandoning their projects.
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