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The energy transition is a capital allocation story now

The engineering questions are largely settled. The financing questions are not.

Projects that work technically still need a cost of capital they can live with, a counterparty who will sign a twenty-year contract, and a grid connection that arrives on time.

The bottleneck nobody models

Interconnection queues have become the binding constraint in several markets. They rarely appear in the spreadsheet that decides whether a project proceeds.

CapitalSignal Research

Read the work behind the coverage

Long-form analysis from the desk: market structure, capital allocation and the numbers companies would rather you skipped.

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