Sometimes it’s documented but often I’d say it’s a selling technique that works for any big infrastructure project. You give a rather low first cost projection, governments decide let’s do this and after a while you correct the price up. First, people say: well that is to be expected the project shouldn’t fail because of a little price hike. Then the price gets corrected again and then the sunken cost fallacy kicks in. now we are to deep in and we have to pull through. And so on. And you probably can’t get price guarantees for such big projects cause no one would make a bid. It’s a very flawed system. I’d like to know how often solar or windpark projects get price adjusted?
Sometimes it’s documented but often I’d say it’s a selling technique that works for any big infrastructure project. You give a rather low first cost projection, governments decide let’s do this and after a while you correct the price up. First, people say: well that is to be expected the project shouldn’t fail because of a little price hike. Then the price gets corrected again and then the sunken cost fallacy kicks in. now we are to deep in and we have to pull through. And so on. And you probably can’t get price guarantees for such big projects cause no one would make a bid. It’s a very flawed system. I’d like to know how often solar or windpark projects get price adjusted?