Utility Dive•about 1 month ago
Construction costs continue to climb as prices rise for steel, copper and switchgear
Key Takeaway
Rising material costs and procurement unpredictability are increasing project costs and risks across the energy sector, impacting development timelines and power prices for consumers and developers.
AI Summary
- •Construction costs are continuing to climb due to rising prices for key materials like steel, copper, and switchgear.
- •Price volatility is making procurement unpredictable for contractors, leading to increased project risk and potential delays.
- •This trend directly impacts project budgets, PPA pricing, and development timelines for new generation, transmission, and large load infrastructure.
Topics
ccgtdatacenterfinancingoemppasimple-cyclesolarstoragetransmissionwind