In 2021, the weighted average cost of capital (WACC) for utility-scale solar PV projects commissioned that year varied from roughly one to 14 percent. Argentina was the country with the largest cost of capital with 13.8 percent. Turkey and Mexico followed, but by a wide margin, with capital costs amounting to 7.5 and 7.2 percent, respectively. Germany registered the lowest cost of capital at 1.3 percent.
Benchmark weighted average cost of capital for utility-scale solar photovoltaic projects commissioned worldwide in 2021, by select country
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IRENA. (May 15, 2023). Benchmark weighted average cost of capital for utility-scale solar photovoltaic projects commissioned worldwide in 2021, by select country [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1386568/weighted-average-capital-cost-solar-photovoltaic-by-country/
IRENA. "Benchmark weighted average cost of capital for utility-scale solar photovoltaic projects commissioned worldwide in 2021, by select country." Chart. May 15, 2023. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1386568/weighted-average-capital-cost-solar-photovoltaic-by-country/
IRENA. (2023). Benchmark weighted average cost of capital for utility-scale solar photovoltaic projects commissioned worldwide in 2021, by select country. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1386568/weighted-average-capital-cost-solar-photovoltaic-by-country/
IRENA. "Benchmark Weighted Average Cost of Capital for Utility-scale Solar Photovoltaic Projects Commissioned Worldwide in 2021, by Select Country." Statista, Statista Inc., 15 May 2023, https://www.statista.com/statistics/1386568/weighted-average-capital-cost-solar-photovoltaic-by-country/
IRENA, Benchmark weighted average cost of capital for utility-scale solar photovoltaic projects commissioned worldwide in 2021, by select country Statista, https://www.statista.com/statistics/1386568/weighted-average-capital-cost-solar-photovoltaic-by-country/ (last visited December 21, 2024)
Benchmark weighted average cost of capital for utility-scale solar photovoltaic projects commissioned worldwide in 2021, by select country [Graph], IRENA, May 15, 2023. [Online]. Available: https://www.statista.com/statistics/1386568/weighted-average-capital-cost-solar-photovoltaic-by-country/
