IDEAS home Printed from https://ideas.repec.org/a/eee/renene/v68y2014icp677-685.html
   My bibliography  Save this article

Financing renewable energy infrastructures via financial citizen participation – The case of Germany

Author

Listed:
  • Yildiz, Özgür

Abstract

Financing decentralized renewable energy infrastructures in Germany is a complex issue due to the fact that public authorities lack the needed capital and institutional private investors are generally averse to restraints such as high transaction costs and risk-return-concerns. Consequently, alternative financing concepts must be developed to keep the energy transition going. An approach that has recently gained attention in Germany is the concept of financial citizen participation. The concept entails that private individuals contribute to the realization of infrastructure projects by investing in renewable energy projects via various business models and financing concepts.

Suggested Citation

  • Yildiz, Özgür, 2014. "Financing renewable energy infrastructures via financial citizen participation – The case of Germany," Renewable Energy, Elsevier, vol. 68(C), pages 677-685.
  • Handle: RePEc:eee:renene:v:68:y:2014:i:c:p:677-685
    DOI: 10.1016/j.renene.2014.02.038
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0960148114001293
    Download Restriction: Full text for ScienceDirect subscribers only

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Derrick, A., 1998. "Financing mechanisms for renewable energy," Renewable Energy, Elsevier, vol. 15(1), pages 211-214.
    2. Masini, Andrea & Menichetti, Emanuela, 2012. "The impact of behavioural factors in the renewable energy investment decision making process: Conceptual framework and empirical findings," Energy Policy, Elsevier, vol. 40(C), pages 28-38.
    3. Sadorsky, Perry, 2012. "Modeling renewable energy company risk," Energy Policy, Elsevier, vol. 40(C), pages 39-48.
    4. Jürgen Blazejczak & Jochen Diekmann & Dietmar Edler & Claudia Kemfert & Karsten Neuhoff & Wolf-Peter Schill, 2013. "Energiewende erfordert hohe Investitionen," DIW Wochenbericht, DIW Berlin, German Institute for Economic Research, vol. 80(26), pages 19-30.
    5. Grau, Thilo & Huo, Molin & Neuhoff, Karsten, 2012. "Survey of photovoltaic industry and policy in Germany and China," Energy Policy, Elsevier, vol. 51(C), pages 20-37.
    6. Claudia Kemfert & Dorothea Schäfer, 2012. "Financing the Energy Transition in Times of Financial Market Instability," DIW Economic Bulletin, DIW Berlin, German Institute for Economic Research, vol. 2(9), pages 3-13.
    7. Mills, S.J. & Taylor, Melissa, 1994. "Project finance for renewable energy," Renewable Energy, Elsevier, vol. 5(1), pages 700-708.
    8. N. Enzensberger & W. Fichtner & O. Rentz, 2003. "Evolution of local citizen participation schemes in the German wind market," International Journal of Global Energy Issues, Inderscience Enterprises Ltd, vol. 20(2), pages 191-207.
    9. Finon, Dominique, 2006. "Incentives to invest in liberalised electricity industries in the North and South. Differences in the need for suitable institutional arrangements," Energy Policy, Elsevier, vol. 34(5), pages 601-618, March.
    10. Andrea Masini & E. Menichetti, 2012. "The impact of behavioural factors in the renewable energy investment decision making process: Conceptual framework and empirical findings," Post-Print hal-00651706, HAL.
    11. Oliver, M. & Jackson, T., 1999. "The market for solar photovoltaics," Energy Policy, Elsevier, vol. 27(7), pages 371-385, July.
    12. D. Finon, 2006. "Incentives to invest in liberalised electricity industries in the North and South. Differences in the need for suitable institutional arrangements," Post-Print hal-00716553, HAL.
    13. Harborne, Paul & Hendry, Chris, 2009. "Pathways to commercial wind power in the US, Europe and Japan: The role of demonstration projects and field trials in the innovation process," Energy Policy, Elsevier, vol. 37(9), pages 3580-3595, September.
    14. Toke, David & Breukers, Sylvia & Wolsink, Maarten, 2008. "Wind power deployment outcomes: How can we account for the differences?," Renewable and Sustainable Energy Reviews, Elsevier, vol. 12(4), pages 1129-1147, May.
    15. Unruh, Gregory C., 2000. "Understanding carbon lock-in," Energy Policy, Elsevier, vol. 28(12), pages 817-830, October.
    16. Wüstenhagen, Rolf & Menichetti, Emanuela, 2012. "Strategic choices for renewable energy investment: Conceptual framework and opportunities for further research," Energy Policy, Elsevier, vol. 40(C), pages 1-10.
    17. Enzensberger, N. & Fichtner, W. & Rentz, O., 2003. "Financing renewable energy projects via closed-end funds—a German case study," Renewable Energy, Elsevier, vol. 28(13), pages 2023-2036.
    Full references (including those not matched with items on IDEAS)

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:renene:v:68:y:2014:i:c:p:677-685. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dana Niculescu). General contact details of provider: http://www.journals.elsevier.com/renewable-energy .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.