The Era of Cheap Renewables Grinds To A Halt

The continual decline in production cost for wind, solar, and EV batteries was touted as the driver of their growing adoption and ultimate takeover of the global grid. Up until two years ago, there was no other scenario on the table—even though inflation was as much a reality then as it is now. Only now, it has become a lot more pronounced.

At a recent metals and mining conference in Riyadh, several attendees noted that the mining industry had fallen out of favor with lenders because it was deemed as damaging for the environment as oil and…