Learning in the financial sector is essential for reducing renewable energy costs

Author:

Egli FlorianORCID,Steffen BjarneORCID,Schmidt Tobias S.ORCID

Publisher

Springer Science and Business Media LLC

Subject

Energy Engineering and Power Technology,Fuel Technology,Renewable Energy, Sustainability and the Environment,Electronic, Optical and Magnetic Materials

Reference5 articles.

1. Schmidt, T. S. et al. Adverse effects of rising interest rates on sustainable energy transitions. Nat. Sustain. 2, 879–885 (2019). Quantifies how general interest rate increases would affect the viability of renewable versus fossil-fuel electricity and proposes a safeguarding policy strategy.

2. Noothout, P. et al. The Impact of Risks in Renewable Energy Investments and the Role of Smart Policies Final Report (DiaCore, 2016). Offers a comprehensive collection of the cost of capital data for wind onshore projects in the European Union (26 countries) combining model results with expert interviews.

3. Geddes, A., Schmidt, T. S. & Steffen, B. The multiple roles of state investment banks in low-carbon energy finance: an analysis of Australia, the UK and Germany. Energy Policy 115, 158–170 (2018).Draws on 52 interviews and focuses on three state investment banks to distill five roles these banks take to accelerate financial sector learning.

4. Polzin, F., Egli, F., Steffen, B. & Schmidt, T. S. How do policies mobilize private finance for renewable energy?—A systematic review with an investor perspective. Appl. Energy 236, 1249–1268 (2019).Offers a comprehensive overview of the empirical evidence on the effectiveness of renewable energy policies in attracting investment with a deep dive into the design of auctions, feed-in tariffs and renewable portfolio standards.

5. Steffen, B. The importance of project finance for renewable energy projects. Energy Econ. 69, 280–294 (2018).Shows that renewable energy projects heavily rely on non-recourse project finance, including in low-risk countries like Germany, using a financial structure that allows a broad set of (non-utility) sponsors to invest in renewable energy.

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