The Cost and Wage Problem for Renewable Energy Projects
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- May 5, 2021 9:09 pm GMTMay 5, 2021 8:34 pm GMT
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I’ve posted earlier about the wariness of unions with the renewable energy industry. Part of the problem is related to wages. Will an increase in the number of union jobs inflate project costs?
A working paper by Princeton scientists last month claims that union jobs will result in “relatively modest increases in capital and operating costs.” “Boosting labor costs by 20% increases installed capital costs for wind and solar power projects by between 2% to 4% and operating and maintenance costs by 3% to 6%,” the study’s authors write.