Cost of capital by project type in selected countries, 2022

Notes

2022 values represent the year of the final investment decision. Values are expressed in nominal, post-tax and local currency. WACC = Weighted average cost of capital. WACCs for solar PV projects represent responses for a 100MW project; for gas power a 250MW project, for a utility-scale batteries a 40 MW project and for offshore a 250MW projects. Values are the midpoint of the minimum and maximum values of the median range, e.g., Brazil’s solar WACC value is shown as 10.75%, the midpoint between the median range of 10.5% and 11.0%.