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What are community energy companies trying to accomplish? An empirical investigation of investment motives in the German case

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  • Holstenkamp, Lars
  • Kahla, Franziska

Abstract

Community energy has become an increasingly important issue in academia and in energy policy circles worldwide. Citizens jointly investing in and operating renewable energy installations have played an essential role in countries such as Germany or Denmark. Building on and extending previous studies, we collect survey data on investment motives for a stratified random sample of German community energy companies. Structural variables are selected using a socio-ecological-technical systems framework. This study aims to identify differences within the community energy sector to better understand investment behaviour and the effects of policy changes. Despite the small sample coverage at the individual member level, the preliminary results of this study suggest that, first, community energy forms a specific type of social investment and that, second, there are significant differences between community energy companies, especially regarding the assessment of the return motive. This motive plays a more prominent role in limited partnerships than in cooperatives and for community wind than for companies focusing on solar or biomass. While these and other factors are highly interrelated, our data indicate that the social setting and geographical and climatic conditions are the critical ones here. These findings may guide further research.

Suggested Citation

  • Holstenkamp, Lars & Kahla, Franziska, 2016. "What are community energy companies trying to accomplish? An empirical investigation of investment motives in the German case," Energy Policy, Elsevier, vol. 97(C), pages 112-122.
  • Handle: RePEc:eee:enepol:v:97:y:2016:i:c:p:112-122
    DOI: 10.1016/j.enpol.2016.07.010
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    References listed on IDEAS

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    Cited by:

    1. Chiara Candelise & Gianluca Ruggieri, 2017. "Community Energy in Italy: Heterogeneous institutional characteristics and citizens engagement," IEFE Working Papers 93, IEFE, Center for Research on Energy and Environmental Economics and Policy, Universita' Bocconi, Milano, Italy.
    2. repec:eee:enepol:v:129:y:2019:i:c:p:841-852 is not listed on IDEAS
    3. repec:eee:enepol:v:125:y:2019:i:c:p:20-32 is not listed on IDEAS
    4. repec:eee:enepol:v:109:y:2017:i:c:p:82-95 is not listed on IDEAS
    5. Hackbarth, André, 2018. "Attitudes, preferences, and intentions of German households concerning participation in peer-to-peer electricity trading," Reutlingen Working Papers on Marketing & Management 2019-2, Reutlingen University, ESB Business School.
    6. Kahla, Franziska & Holstenkamp, Lars & Müller, Jakob R. & Degenhart, Heinrich, 2017. "Entwicklung und Stand von Bürgerenergiegesellschaften und Energiegenossenschaften in Deutschland
      [Development and State of Community Energy Companies and Energy Cooperatives in Germany]
      ," MPRA Paper 81261, University Library of Munich, Germany.
    7. repec:eee:eneeco:v:75:y:2018:i:c:p:440-448 is not listed on IDEAS
    8. repec:cog:poango:v:7:y:2019:i:1:p:45-59 is not listed on IDEAS
    9. repec:eee:eneeco:v:69:y:2018:i:c:p:280-294 is not listed on IDEAS
    10. repec:eee:enepol:v:118:y:2018:i:c:p:612-625 is not listed on IDEAS
    11. repec:eee:rensus:v:109:y:2019:i:c:p:307-320 is not listed on IDEAS
    12. repec:gam:jeners:v:12:y:2019:i:6:p:970-:d:213430 is not listed on IDEAS
    13. repec:eee:appene:v:222:y:2018:i:c:p:772-780 is not listed on IDEAS

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