Project development economics
Solar financing remains equity-heavy: 55% equity vs. 45% debt on average.
Projects that survive are moving faster
84%
expect CAPEX recovery within six years
44%
expect payback within three years
68%
reach COD within two years (2025: 65%)
Revenue certainty starts with yield certainty
Reliance on all three revenue models declined slightly, with merchant exposure falling most (−5 points), consistent with rising price-volatility concerns and a flight toward contracted revenue.
The Story Continues
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