The impact of policy elements on the financing costs of RE investment: The case of wind power in Germany

Olaf Giebel and Barbara Breitschopf

No S11/2011, Working Papers "Sustainability and Innovation" from Fraunhofer Institute for Systems and Innovation Research (ISI)

Abstract: Renewable energy support mechanisms affect the attractiveness of projects by influencing uncertainties in revenues or expenditures and ultimately result in a change in the financing costs. The influence of feed-in tariffs on financing costs was investigated. 26 wind onshore investors were surveyed in a conjoint analysis and the results were used in a cash flow model to quantify the impact. The introduction of premium models under a fixed remuneration tariff scheme seems to increase the financing costs considerably.

Date: 2011
New Economics Papers: this item is included in nep-ene, nep-eur and nep-ppm
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:fisisi:s112011

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