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Auswirkungen des neuen Erneuerbare-Energien-Gesetzes auf Offshore-Wind-Investitionen

Author

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  • Marita Balks
  • Philipp Breloh

Abstract

The German Renewable Energy Sources Act (EEG) has burdened private and industrial consumers with record electricity costs. Consequently, Energy and Economics Minister Gabriel pushed reform through cabinet on 8 April 2014 to curtail revenue guarantees to investors and to cut costs. The revenue guarantee reductions, most notably of one cent per kilowatt hour in the “Stauchungsmodell”, bring investor returns down to 9.8 per cent, i.e. into the region of the financing costs faced by investing energy companies. If investors stay away from offshore wind power due to marginal economics, the scale benefits in investment and ongoing production costs of an estimated 30 per cent may jeopardise the original intended cost reduction. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2014

Suggested Citation

  • Marita Balks & Philipp Breloh, 2014. "Auswirkungen des neuen Erneuerbare-Energien-Gesetzes auf Offshore-Wind-Investitionen," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 94(7), pages 520-523, July.
    • Handle: RePEc:spr:wirtsc:v:94:y:2014:i:7:p:520-523
    DOI: 10.1007/s10273-014-1707-5
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    Cited by:

    1. Jäger-Roschko, Moritz & Weigell, Jürgen & Jahn, Carlos, 2019. "Modelling of spare parts storage strategies for offshore wind," Chapters from the Proceedings of the Hamburg International Conference of Logistics (HICL), in: Jahn, Carlos & Kersten, Wolfgang & Ringle, Christian M. (ed.), Digital Transformation in Maritime and City Logistics: Smart Solutions for Logistics. Proceedings of the Hamburg International Conference of Logistics, volume 28, pages 83-108, Hamburg University of Technology (TUHH), Institute of Business Logistics and General Management.

    More about this item

    Keywords

    D78; G31; G32;
    All these keywords.

    JEL classification:

    • D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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