{"id":43588,"date":"2022-10-17T13:11:00","date_gmt":"2022-10-17T11:11:00","guid":{"rendered":"https:\/\/www.kyotoclub.org\/?p=43588"},"modified":"2022-10-25T13:12:17","modified_gmt":"2022-10-25T11:12:17","slug":"thanks-to-fossil-fuel-crisis-wind-and-solar-payback-time-drops-to-one-year","status":"publish","type":"post","link":"https:\/\/www.kyotoclub.org\/en\/news-en\/news-from-the-world\/2022\/10\/17\/thanks-to-fossil-fuel-crisis-wind-and-solar-payback-time-drops-to-one-year\/","title":{"rendered":"Thanks to fossil fuel crisis, wind and solar payback time drops  to one year"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">A Report from Rystad Energy says investment in renewables is forecast to reach US$494 billion in 2022 versus $US446 billion for oil and gas \u2013 the first time investment in renewables is set to be higher than for oil and gas.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Rystad analysts say high spot electricity prices, particularly in Europe, are rewriting the utility wind and solar investment narrative as potential investment payback periods of under a year put extra shine on renewables energy economics.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.climatechangenews.com\/2022\/10\/17\/wind-solar-investment-less-year-fossil-fuel-crisis\/\">More&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Capital investment in renewables worldwide is set to outstrip oil and gas spending on new projects by almost $US50 billion this year, with soaring electricity prices reducing the payback period for solar and wind installations to less than a year, new research shows.<\/p>\n","protected":false},"author":33,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"kc_post_selected_socio_id":0,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[26],"tags":[],"class_list":["post-43588","post","type-post","status-publish","format-standard","hentry","category-news-from-the-world"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - 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