Utility Dive•3 months ago
Construction costs continue to climb as prices rise for steel, copper and switchgear
- •Construction costs are continuing to climb due to rising prices for key materials like steel, copper, and switchgear.
- •Price volatility is making procurement unpredictable for contractors, leading to increased project risk and potential delays.
- •This trend directly impacts project budgets, PPA pricing, and development timelines for new generation, transmission, and large load infrastructure.
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