this post was submitted on 18 Feb 2025
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Green Energy

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Why doesn't the capitalist economy invest in cheap renewable energy? (www.youtube.com)
submitted 4 days ago* (last edited 4 days ago) by ujeenator@lemm.ee to c/energy@slrpnk.net
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Disclaimer: OP doesn't support CCP or authoritarian communism.

TLDR Despite significant advancements and price drops in renewable energy sources, the lack of profitability compared to fossil fuels hinders investment and expansion. Factors like unbundled energy markets, volatility in pricing, and reliance on private investment further complicate the transition. The narrative calls for a reevaluation of energy production systems, advocating for state-led, publicly funded renewable projects to ensure a viable path toward sustainable energy solutions.

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[–] MrMakabar@slrpnk.net 16 points 4 days ago

The problem is that renewables can be done by a lot smaller companies then fossil fuels. Solar can be done by a family on the roof rather easily. Wind turbines cost 3million per piece, so very possible investment for a farmer, small company and the like.

Fossil fuel power plants are a lot more expensive hence competition is smaller. We are easily talking 100million and more per plant. Large pipelines, refineries and oil or gas field developments easily cost over a billion. That keeps out competition. Not to mention oil having the largest cartel in the world backing it.