Challenge of High Interest Rates Killing Clean Energy

Doug McIntyre and David Callaway discuss the increasing difficulty of financing solar and wind projects compared to five years ago. They highlight that this challenge could worsen if Republicans take office, raising the risk of funding clean energy ventures. David explains that the primary issue is high interest rates, which make it tough to invest in the infrastructure-heavy wind and solar sectors. These projects require significant investment, challenging to secure in the current economic climate. Doug notes that a reduction in interest rates, expected regardless of the presidential administration, could alleviate some of these issues. David contrasts this with the oil and gas sector, where infrastructure is already established, making it a more accessible option for those seeking energy security. The conversation underscores that clean energy projects were hit hard by high interest rates at an inopportune time, but future rate reductions might offer some relief.