Current Investment and Financing Models for Renewable Energy Projects: A Comparative Assessment Cover Image

Yenilenebilir Enerji Projelerine Yönelik Güncel Yatırım ve Finansman Modelleri: Karşılaştırmalı Bir Değerlendirme
Current Investment and Financing Models for Renewable Energy Projects: A Comparative Assessment

Author(s): Vedat Akdağ, Mustafa Gözen
Subject(s): Business Economy / Management, Energy and Environmental Studies, Economic policy, Financial Markets
Published by: Celal Bayar Üniversitesi Sosyal Bilimler Enstitüsü
Keywords: Renewable Energy; Electricity Market; Project Finance; Investment Model;

Summary/Abstract: In many countries of the world, various investment and financing models are applied to support renewable energy investments and increase the share of renewable energy resources in total electricity generation. Examples of these models are feed-in tariff, feed-in premium, green certificate, tender and auctioning, the design based on meter measurement, project finance, third party ownership, energy cooperative, equity crowdfunding, green bonds, and renewable energy fund. In this article, these models are examined in a comparative manner, considering their structure and functioning. Among these models, feed-in tariff, feed-in premium, and green certificate models can be solely applied or in combination with other models. Equity crowdfunding and green bonds are noteworthy as the models that can be implemented in an effectively functioning market independent from the previous three models. Tender and auction models are increasingly being used in place of feed-in tariff and feed-in premium. In addition, the design based on meter measurement is preferred for small-scale plants.

  • Issue Year: 18/2020
  • Issue No: Sp. Issue
  • Page Range: 139-156
  • Page Count: 18
  • Language: Turkish