Rising costs hinder new power plant builds
The IHS CERA PCCI tracks the costs of building coal, gas, wind and nuclear power plants indexed to the year 2000 and is a proprietary measure of project cost inflation, similar to the Consumer Price Index (CPI).
According to the index, wind production has shown the largest cost increase, rising 108% since 2000. While gas production has seen a 92% rise and coal has faced a 78% rise in construction costs.
Candida Scott, CERA senior director of cost and technology says despite a recent 1% dip due
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