onshore wind projects for example will enjoy a smaller spread over libor than offshore projects and solar pv a smaller spread than solar thermal before the financial crisis renewable energy project debt was reported to be at a premium of approximately basis points chadboume and parke above a public financial indicator such as libor for instance large public subsidies for all energy forms distort investment cost decisions the world bank and international energy agency estimate global annual subsidies for fossil fuels to be still veiy significant ranging between us billion