What Kinds of Photovoltaic Projects Do Lenders Prefer to Finance?

Florian Lüdeke-Freund and Moritz Loock
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Florian Lüdeke-Freund: Centre for Sustainability Management (CSM), Leuphana University of Lüneburg
Moritz Loock: Institute for Economy and the Environment at the University of St. Gallen

Chapter Chapter Six in Cross-Sector Leadership for the Green Economy, 2011, pp 107-124 from Palgrave Macmillan

Abstract: Abstract Discussions of innovation in renewable energy have covered different types of energy production (e.g., Nguyen, Gheewala, & Sagisaka, 2010; Sookkumnerd, Ito, & Kito, 2007; Yusoff, 2006), different industries (e.g., Narodoslawsky, Niederl-Schmidinger, & Halasz, 2008; Smyth, ó Gallachóir, Korres, & Murphy, 2010), or have focused on different geographic regions (e.g., Kaldellis, Simotas, Zafirakis, & Kondili, 2009; Smyth et al., 2010; Sookkumnerd et al., 2007; Zuluaga & Dyner, 2007). However, a crucial aspect has been rarely discussed: financing. Project financing is a central challenge for the diffusion of renewable energies, as it claims a major percentage of overall renewable energy investments (United Nations Environment Programme [UNEP], 2010) and requires huge amounts of debt capital: Debt ratios of 80 percent or even 90 percent are common (Johnson, 2009; Böttcher, 2009; Wuppertal Institute [WI], 2010).

Keywords: Renewable Energy; Business Model; United Nations Environment Programme; International Energy Agency; International Energy Agency (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-01589-1_6

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DOI: 10.1057/9781137015891_6

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