KETEP 세계에너지시장정보

Acknowledgements ................................................................................................................. 3 


Executive summary ................................................................................................................. 7 


Unlocking clean energy investment .................................................................. 11 

1.1 The clean energy investment gap .................................................................. 12 

 1.1.1 Today’s investment trends and future needs ....................................... 13 

 1.1.2 Investment priorities to 2035 ............................................................... 15 

 1.1.3 Sources of finance ................................................................................ 18 

1.2 The cost of capital ......................................................................................... 19 

 1.2.1 What is the cost of capital? .................................................................. 19 

 1.2.2 Why does the cost of capital matter for EMDE energy transitions? .... 25 

1.3 Bringing down the cost of capital .................................................................. 27 


Identifying risks that influence the cost of capital ...................................... 33 

2.1 Introduction ................................................................................................... 34 

2.2 Utility-scale solar PV and wind ...................................................................... 35 

 2.2.1 Utility-scale solar and wind in growing markets ................................... 39 

 2.2.2 Utility-scale solar and wind in maturing markets ................................. 41 

2.3 Grids .............................................................................................................. 46 

 2.3.1 Publicly led grid financing ..................................................................... 48 

 2.3.2 Privately led grid financing ................................................................... 50 

2.4 Energy efficiency in buildings ........................................................................ 54 

2.5 Electric mobility ............................................................................................. 58 

2.6 Advanced biofuels ......................................................................................... 62 

2.7 Utility-scale hydro ......................................................................................... 65 

2.8 Battery storage .............................................................................................. 69 


Annexes  

Annex A. Definitions .............................................................................................................. 75 

Annex B. References ............................................................................................................. 85