IDEAS home Printed from https://ideas.repec.org/p/ein/tuecis/1408.html
   My bibliography  Save this paper

“Let’s do it ourselves”: Individual motivations for investing in renewables at community level

Author

Listed:
  • Gabriella Doci
  • Eleftheria Vasileiadou

Abstract

The paper analyses individual motivations for partaking in local renewable projects and generating energy jointly in an investment community. To do so, we applied a socio-psychological approach for studying renewable energy communities in Germany and the Netherlands. Our results show that mainly gain and normative considerations played a role in the decision, but in the background hedonic motivations were also present. Although, these considerations were driven mostly from the individual’s perspective we also found group motivations, such as strengthening the local community and improving the neighborhood’s condition. Each of the groups examined were formed in already existing strong communities, where trust was relatively high, which seems to be an important condition for the realization of local energy projects. Consequently, we argue that tailor-made incentives addressing the dominant motivations can help the most effectively the operation and spread of renewable energy communities.

Suggested Citation

  • Gabriella Doci & Eleftheria Vasileiadou, 2014. "“Let’s do it ourselves”: Individual motivations for investing in renewables at community level," Working Papers 14-08, Eindhoven Center for Innovation Studies, revised Mar 2014.
  • Handle: RePEc:ein:tuecis:1408
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    References listed on IDEAS

    as
    1. Hirshleifer,Jack & Glazer,Amihai & Hirshleifer,David, 2005. "Price Theory and Applications," Cambridge Books, Cambridge University Press, number 9780521523424, October.
    2. Mahapatra, Krushna & Gustavsson, Leif, 2008. "An adopter-centric approach to analyze the diffusion patterns of innovative residential heating systems in Sweden," Energy Policy, Elsevier, vol. 36(2), pages 577-590, February.
    3. Claudy, Marius C. & Michelsen, Claus & O'Driscoll, Aidan & Mullen, Michael R., 2010. "Consumer awareness in the adoption of microgeneration technologies: An empirical investigation in the Republic of Ireland," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(7), pages 2154-2160, September.
    4. Walker, Gordon, 2008. "What are the barriers and incentives for community-owned means of energy production and use?," Energy Policy, Elsevier, vol. 36(12), pages 4401-4405, December.
    5. Zahedi, A., 2011. "A review of drivers, benefits, and challenges in integrating renewable energy sources into electricity grid," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(9), pages 4775-4779.
    6. Paladino, Angela & Pandit, Ameet P., 2012. "Competing on service and branding in the renewable electricity sector," Energy Policy, Elsevier, vol. 45(C), pages 378-388.
    7. 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.
    8. Marques, António C. & Fuinhas, José A. & Pires Manso, J.R., 2010. "Motivations driving renewable energy in European countries: A panel data approach," Energy Policy, Elsevier, vol. 38(11), pages 6877-6885, November.
    9. Bomberg, Elizabeth & McEwen, Nicola, 2012. "Mobilizing community energy," Energy Policy, Elsevier, vol. 51(C), pages 435-444.
    10. Rogers, Jennifer C. & Simmons, Eunice A. & Convery, Ian & Weatherall, Andrew, 2012. "Social impacts of community renewable energy projects: findings from a woodfuel case study," Energy Policy, Elsevier, vol. 42(C), pages 239-247.
    11. Kern, Florian & Smith, Adrian, 2008. "Restructuring energy systems for sustainability? Energy transition policy in the Netherlands," Energy Policy, Elsevier, vol. 36(11), pages 4093-4103, November.
    12. Rogers, J.C. & Simmons, E.A. & Convery, I. & Weatherall, A., 2008. "Public perceptions of opportunities for community-based renewable energy projects," Energy Policy, Elsevier, vol. 36(11), pages 4217-4226, November.
    13. Balcombe, Paul & Rigby, Dan & Azapagic, Adisa, 2013. "Motivations and barriers associated with adopting microgeneration energy technologies in the UK," Renewable and Sustainable Energy Reviews, Elsevier, vol. 22(C), pages 655-666.
    14. Skutsch, Margaret M, 1998. "The gender issue in energy project planning Welfare, empowerment or efficiency?," Energy Policy, Elsevier, vol. 26(12), pages 945-955, October.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Fabian Scheller & Isabel Doser & Emily Schulte & Simon Johanning & Russell McKenna & Thomas Bruckner, 2021. "Stakeholder dynamics in residential solar energy adoption: findings from focus group discussions in Germany," Papers 2104.14240, arXiv.org.
    2. Sommerfeldt, Nelson & Madani, Hatef, 2017. "Revisiting the techno-economic analysis process for building-mounted, grid-connected solar photovoltaic systems: Part one – Review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 74(C), pages 1379-1393.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Dóci, Gabriella & Vasileiadou, Eleftheria, 2015. "“Let׳s do it ourselves” Individual motivations for investing in renewables at community level," Renewable and Sustainable Energy Reviews, Elsevier, vol. 49(C), pages 41-50.
    2. Berka, Anna L. & Creamer, Emily, 2018. "Taking stock of the local impacts of community owned renewable energy: A review and research agenda," Renewable and Sustainable Energy Reviews, Elsevier, vol. 82(P3), pages 3400-3419.
    3. Curtin, Joseph & McInerney, Celine & Ó Gallachóir, Brian, 2017. "Financial incentives to mobilise local citizens as investors in low-carbon technologies: A systematic literature review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 75(C), pages 534-547.
    4. Klein, Sharon J.W. & Coffey, Stephanie, 2016. "Building a sustainable energy future, one community at a time," Renewable and Sustainable Energy Reviews, Elsevier, vol. 60(C), pages 867-880.
    5. Dalia Streimikiene & Tomas Baležentis & Artiom Volkov & Mangirdas Morkūnas & Agnė Žičkienė & Justas Streimikis, 2021. "Barriers and Drivers of Renewable Energy Penetration in Rural Areas," Energies, MDPI, vol. 14(20), pages 1-28, October.
    6. Brummer, Vasco, 2018. "Community energy – benefits and barriers: A comparative literature review of Community Energy in the UK, Germany and the USA, the benefits it provides for society and the barriers it faces," Renewable and Sustainable Energy Reviews, Elsevier, vol. 94(C), pages 187-196.
    7. 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.
    8. Beau Warbroek & Thomas Hoppe & Frans Coenen & Hans Bressers, 2018. "The Role of Intermediaries in Supporting Local Low-Carbon Energy Initiatives," Sustainability, MDPI, vol. 10(7), pages 1-28, July.
    9. Thomas Hoppe & Antonia Graf & Beau Warbroek & Imke Lammers & Isabella Lepping, 2015. "Local Governments Supporting Local Energy Initiatives: Lessons from the Best Practices of Saerbeck (Germany) and Lochem (The Netherlands)," Sustainability, MDPI, vol. 7(2), pages 1-32, February.
    10. Bauwens, Thomas, 2019. "Analyzing the determinants of the size of investments by community renewable energy members: Findings and policy implications from Flanders," Energy Policy, Elsevier, vol. 129(C), pages 841-852.
    11. Pons-Seres de Brauwer, C. & Cohen, J.J., 2020. "Analysing the potential of citizen-financed community renewable energy to drive Europe's low-carbon energy transition," Renewable and Sustainable Energy Reviews, Elsevier, vol. 133(C).
    12. Salm, Sarah & Hille, Stefanie Lena & Wüstenhagen, Rolf, 2016. "What are retail investors' risk-return preferences towards renewable energy projects? A choice experiment in Germany," Energy Policy, Elsevier, vol. 97(C), pages 310-320.
    13. Natália Gava Gastaldo & Graciele Rediske & Paula Donaduzzi Rigo & Carmen Brum Rosa & Leandro Michels & Julio Cezar Mairesse Siluk, 2019. "What is the Profile of the Investor in Household Solar Photovoltaic Energy Systems?," Energies, MDPI, vol. 12(23), pages 1-18, November.
    14. 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.
    15. Berka, Anna L. & Harnmeijer, Jelte & Roberts, Deborah & Phimister, Euan & Msika, Joshua, 2017. "A comparative analysis of the costs of onshore wind energy: Is there a case for community-specific policy support?," Energy Policy, Elsevier, vol. 106(C), pages 394-403.
    16. Busch, Henner & Ruggiero, Salvatore & Isakovic, Aljosa & Hansen, Teis, 2021. "Policy challenges to community energy in the EU: A systematic review of the scientific literature," Renewable and Sustainable Energy Reviews, Elsevier, vol. 151(C).
    17. Beau Warbroek & Thomas Hoppe, 2017. "Modes of Governing and Policy of Local and Regional Governments Supporting Local Low-Carbon Energy Initiatives; Exploring the Cases of the Dutch Regions of Overijssel and Fryslân," Sustainability, MDPI, vol. 9(1), pages 1-36, January.
    18. Balcombe, Paul & Rigby, Dan & Azapagic, Adisa, 2013. "Motivations and barriers associated with adopting microgeneration energy technologies in the UK," Renewable and Sustainable Energy Reviews, Elsevier, vol. 22(C), pages 655-666.
    19. Amollo Ambole & Kweku Koranteng & Peris Njoroge & Douglas Logedi Luhangala, 2021. "A Review of Energy Communities in Sub-Saharan Africa as a Transition Pathway to Energy Democracy," Sustainability, MDPI, vol. 13(4), pages 1-19, February.
    20. Romero-Rubio, Carmen & de Andrés Díaz, José Ramón, 2015. "Sustainable energy communities: a study contrasting Spain and Germany," Energy Policy, Elsevier, vol. 85(C), pages 397-409.

    More about this item

    Keywords

    renewable energy communities; motivations; goal-framing theory; joint investment;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    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:ein:tuecis:1408. See general information about how to correct material in RePEc.

    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 bibliographic 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/ectuenl.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.