Everything has a big upfront Capex. However you finance it and because renewables are cheap fuel they come out cheap in the long run.
A large part of the Capex of renewables is land costs - which are high, but once you have the land you keep it. This cost is generally all financed as part of the initial build, so in 30 years everything is paid for - but you have to finance to replace only the renewables while keeping the land and so the second round is a lot cheaper.
A large part of the Capex of renewables is land costs - which are high, but once you have the land you keep it. This cost is generally all financed as part of the initial build, so in 30 years everything is paid for - but you have to finance to replace only the renewables while keeping the land and so the second round is a lot cheaper.