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

N. Enzensberger, W. Fichtner and O. Rentz

Renewable Energy, 2003, vol. 28, issue 13, 2023-2036

Abstract: 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 (‘Bürgerwindpark’), 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.

Keywords: Wind energy; Project development; Closed-end funds; Renewable energy financing (search for similar items in EconPapers)
Date: 2003
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0960148103000806
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:renene:v:28:y:2003:i:13:p:2023-2036

DOI: 10.1016/S0960-1481(03)00080-6

Access Statistics for this article

Renewable Energy is currently edited by Soteris A. Kalogirou and Paul Christodoulides

More articles in Renewable Energy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().