Techdamentals
Sep 25, 3:00 AM
For a lot of clean energy, the debt isn't a detail of the business. It's most of the business.
A project spends nearly everything upfront and earns it back over decades of electricity sales. Almost none of that is paid in cash, so the interest rate on the financing is a main input to whether it happens at all.
Which is why this group moves on the 10-year more than on power prices.
techdamentals.com/newsletter/market-close-2026-09-24?ref=st
Educational, not advice.
$ICLN
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