cross-posted from: https://kbin.run/m/technology@lemmy.ml/t/553659
A decline in fossil fuel power is now ‘inevitable’, the report’s authors say.
cross-posted from: https://kbin.run/m/technology@lemmy.ml/t/553659
A decline in fossil fuel power is now ‘inevitable’, the report’s authors say.
Yes and no. Yes there were big issues blamed on financing but I understood it as contracts that were profitable at low interest rates suddenly weren’t when interest rates rose quickly.
If the customer won’t re-negotiate when conditions change, since that’s the point of a contract, at some point it’s cheaper to just break the contract and take whatever the hit is.