Access to low-risk funding over the decade needed to recoup investment is probably the actual blocker on solar potential.
Notably that's something that can be changed by human intervention.
Notably that's something that can be changed by human intervention.
https://www.reuters.com/business/energy/energy-developer-rez...
Of course, banks are not risking, that the future electricity price will be low during peak solar production and they don't get their money back:
"Dama Solar was also awarded two Contracts for Difference (CfDs) by the Romanian government last year. The grants are part of a low-carbon energy-support scheme paid for with EU funds, based on CfD, which set the power price at an agreed level for 15 years."
https://cms.law/en/rou/legal-updates/romania-enacts-cfd-supp...
https://energy-solutions.co/policy-intelligence/tax-credits-...
" The target quota for photovoltaics was slightly surpassed, with 1.49 GW approved. Conversely, only 1.26 GW was allocated in the wind project segment, against the available 2 GW. Average winning prices were EUR 40.35 per MWh and EUR 73.89 per MWh, respectively. "
https://balkangreenenergynews.com/romania-completes-second-r...
Project costs $636.3m (€561m)
https://finance.yahoo.com/energy/articles/rezolv-secures-636...
At the guaranteed price EUR 40.35 per MWh, the project should pay back in about 8.4 years.