Financing renewable energy projects via closed-end funds - a German case study

被引:20
作者
Enzensberger, N [1 ]
Fichtner, W [1 ]
Rentz, O [1 ]
机构
[1] Univ Karlsruhe, Inst Ind Prod, D-76187 Karlsruhe, Germany
关键词
wind energy; project development; closed-end funds; renewable energy financing;
D O I
10.1016/S0960-1481(03)00080-6
中图分类号
X [环境科学、安全科学];
学科分类号
08 ; 0830 ;
摘要
During recent years, closed-end funds have become one of the dominant financing schemes for wind farms in Germany. Having evolved out of the traditional model of local citizen-financed wind farms ('Burgerwindpark'), closed-end wind funds can be seen as a logical consequence of the increasing professionalism and specialisation trend within the wind business as a whole. This article illustrates the basic market mechanisms behind the project development and financing approach based on closed-end funds and gives an overview on recent market developments in Germany. Finally, the transferability of this approach to other technologies or other regional markets is discussed. (C) 2003 Elsevier Science Ltd. All rights reserved.
引用
收藏
页码:2023 / 2036
页数:14
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