The obstacle, rather, is the effect of price volatility on the perceived investibility of projects under development. Essentially, there are not enough projects characterized by a level of revenue risk that potential financiers deem to be acceptable – or, at least, projects in which financiers are prepared to invest at a cost of capital that developers, in their turn, are willing to pay. The word used in financial investment circles to denote the quality of a project in terms of its perceived investibility is ‘bankability’.
