Political and public resistance to renewable energy projects can delay implementation and increase costs through legal and procedural hurdles.
Delaying projects with studies, and public resistance increases dramatically the so-called development costs. This is the cost of getting all the studies and permits ready prior to starting the construction.
22. Economic Factors:
Broader economic conditions, such as inflation and interest rates, can impact the cost of renewable energy projects.
23. Scale of Adoption:
Incomplete adoption of renewable energy means that economies of scale and learning curve effects are not fully realized, keeping prices higher.
24. R&D and Innovation Lag:
Delays in research, development, and deployment of next-generation renewable technologies can keep prices from falling as quickly as expected.
25. Operational and Maintenance Costs:
Renewable energy systems have their own operational and maintenance costs, which can be significant, especially in the early stages of deployment.
