Before making any investment, one of the questions to analyze is the time of ROI. Even more so in the case of renewable energy where the market is new and unstable for political and economic reasons locally or globally.
El amortization period of technology for the exploitation of sources of renewable energy It has dropped a lot due to financial aid from the states, so there is greater interest in investing in this sector.
-The geothermal power plants They take between 6 and 7 years for their amortization.
-The wind farms They take between 7 to 10 years depending on the type of technology.
-The solar farms They take between 6 and 10 years depending on the size.
These times are considered at the level of industrial exploitation, it can change a little depending on each country but there are no great differences in general these periods are managed.
State promotion and economic aid allow costs to be lowered and renewable energies to continue to grow in all countries. At a lower cost, higher interest in investment, so it is important that countries carry out serious plans so that private companies continue to invest.
Renewable energies must continue to improve their competitiveness and that sources of clean energy production and in this way reduce pollution.
Strengthening the renewable energy industry helps create long-term and stable jobs.
The great advantage of renewable energies is that they favor countries, companies and the final consumer, everyone wins because they lower costs for everyone and these technologies become significantly cheaper.
The economy will be greatly favored because there will be more energy at a lower cost and above all cleaner.