Firm Type, Feed-in Tariff, and Wind Energy Investment in Germany: An Investigation of Decision Making Factors of Energy Producers Regarding Investing in Wind Energy Capacity
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Masini, Andrea & Menichetti, Emanuela, 2012. "The impact of behavioural factors in the renewable energy investment decision making process: Conceptual framework and empirical findings," Energy Policy, Elsevier, vol. 40(C), pages 28-38.
- Campiglio, Emanuele, 2016.
"Beyond carbon pricing: The role of banking and monetary policy in financing the transition to a low-carbon economy,"
Ecological Economics, Elsevier, vol. 121(C), pages 220-230.
- Emanuele Campiglio, 2014. "Beyond carbon pricing: The role of banking and monetary policy in financing the transition to a low-carbon economy," GRI Working Papers 160, Grantham Research Institute on Climate Change and the Environment.
- Campiglio, Emanuele, 2015. "Beyond carbon pricing: the role of banking and monetary policy in financing the transition to a low-carbon economy," LSE Research Online Documents on Economics 65146, London School of Economics and Political Science, LSE Library.
- Felix Groba & Barbara Breitschopf, 2013. "Impact of Renewable Energy Policy and Use on Innovation: A Literature Review," Discussion Papers of DIW Berlin 1318, DIW Berlin, German Institute for Economic Research.
- Madlener, Reinhard & Kumbaroglu, Gurkan & Ediger, Volkan S., 2005.
"Modeling technology adoption as an irreversible investment under uncertainty: the case of the Turkish electricity supply industry,"
Energy Economics, Elsevier, vol. 27(1), pages 139-163, January.
- Reinhard Madlener & Gürkan Kumbaroglu & Volkan S. Ediger, 2004. "Modeling Technology Adoption as an Irreversible Investment Under Uncertainty: The Case of the Turkish Electricity Supply Industry," CEPE Working paper series 04-30, CEPE Center for Energy Policy and Economics, ETH Zurich.
- Sadorsky, Perry, 2012. "Modeling renewable energy company risk," Energy Policy, Elsevier, vol. 40(C), pages 39-48.
- Aschhoff Birgit, 2010.
"Who Gets the Money?: The Dynamics of R&D Project Subsidies in Germany,"
Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 230(5), pages 522-546, October.
- Aschhoff, Birgit, 2008. "Who Gets the Money? The Dynamics of R&D Project Subsidies in Germany," ZEW Discussion Papers 08-018, ZEW - Leibniz Centre for European Economic Research.
- Aschhoff, Birgit, 2009. "Who Gets the Money? The Dynamics of R&D Project Subsidies in Germany," ZEW Discussion Papers 08-018 [rev.], ZEW - Leibniz Centre for European Economic Research.
- Andrew J. Hoffman & Charles J. Corbett & Nitin Joglekar & Peter Wells, 2014. "Special Feature on Industrial Ecology as a Source of Competitive Advantage," Journal of Industrial Ecology, Yale University, vol. 18(5), pages 597-602, October.
- Hall, Bronwyn H. & Lerner, Josh, 2010.
"The Financing of R&D and Innovation,"
Handbook of the Economics of Innovation, in: Bronwyn H. Hall & Nathan Rosenberg (ed.), Handbook of the Economics of Innovation, edition 1, volume 1, chapter 0, pages 609-639,
Elsevier.
- Bronwyn H. Hall & Josh Lerner, 2009. "The Financing of R&D and Innovation," NBER Working Papers 15325, National Bureau of Economic Research, Inc.
- Hall, Bronwyn H. & Lerner, Josh, 2010. "The Financing of R&D and Innovation," MERIT Working Papers 2010-012, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
- Bergek, Anna & Mignon, Ingrid & Sundberg, Gunnel, 2013. "Who invests in renewable electricity production? Empirical evidence and suggestions for further research," Energy Policy, Elsevier, vol. 56(C), pages 568-581.
- Peña, Ivonne & Lima Azevedo, Inês & Ferreira, Luís António Fialho Marcelino, 2014. "Economic analysis of the profitability of existing wind parks in Portugal," Energy Economics, Elsevier, vol. 45(C), pages 353-363.
- Mitchell, C. & Bauknecht, D. & Connor, P.M., 2006. "Effectiveness through risk reduction: a comparison of the renewable obligation in England and Wales and the feed-in system in Germany," Energy Policy, Elsevier, vol. 34(3), pages 297-305, February.
- Jo Dewulf & Lucia Mancini & Gian Andrea Blengini & Serenella Sala & Cynthia Latunussa & David Pennington, 2015. "Toward an Overall Analytical Framework for the Integrated Sustainability Assessment of the Production and Supply of Raw Materials and Primary Energy Carriers," Journal of Industrial Ecology, Yale University, vol. 19(6), pages 963-977, December.
- Xulia González & Jordi Jaumandreu & Consuelo Pazo, 2005.
"Barriers to Innovation and Subsidy Effectiveness,"
RAND Journal of Economics, The RAND Corporation, vol. 36(4), pages 930-949, Winter.
- Xulia González & Jordi Jaumandreu & Consuelo Pazó, 2001. "Barriers to innovation and subsidy e¤ectiveness," Working Papers 0112, Universidade de Vigo, Departamento de Economía Aplicada.
- Dinica, Valentina, 2006. "Support systems for the diffusion of renewable energy technologies--an investor perspective," Energy Policy, Elsevier, vol. 34(4), pages 461-480, March.
- Fleten, S.-E. & Maribu, K.M. & Wangensteen, I., 2007.
"Optimal investment strategies in decentralized renewable power generation under uncertainty,"
Energy, Elsevier, vol. 32(5), pages 803-815.
- Fleten, Stein-Erik & Maribu, Karl Magnus & Wangensteen, Ivar, 2005. "Optimal investment strategies in decentralized renewable power generation under uncertainty," MPRA Paper 218, University Library of Munich, Germany, revised Jun 2006.
- Clinton Andrews & David DeVault, 2009. "Green Niche Market Development," Journal of Industrial Ecology, Yale University, vol. 13(2), pages 326-345, April.
- Kenneth Arrow, 1962. "Economic Welfare and the Allocation of Resources for Invention," NBER Chapters, in: The Rate and Direction of Inventive Activity: Economic and Social Factors, pages 609-626, National Bureau of Economic Research, Inc.
- Enzensberger, N. & Wietschel, M. & Rentz, O., 2002. "Policy instruments fostering wind energy projects--a multi-perspective evaluation approach," Energy Policy, Elsevier, vol. 30(9), pages 793-801, July.
- Hitaj, Claudia & Löschel, Andreas, 2019.
"The impact of a feed-in tariff on wind power development in Germany,"
Resource and Energy Economics, Elsevier, vol. 57(C), pages 18-35.
- Hitaj, Claudia & Schymura, Michael & Löschel, Andreas, 2014. "The impact of a feed-in tariff on wind power development in Germany," ZEW Discussion Papers 14-035, ZEW - Leibniz Centre for European Economic Research.
- Sarah Williams & Anja Schaefer, 2013. "Small and Medium‐Sized Enterprises and Sustainability: Managers' Values and Engagement with Environmental and Climate Change Issues," Business Strategy and the Environment, Wiley Blackwell, vol. 22(3), pages 173-186, March.
- Wolsink, Maarten, 2007. "Wind power implementation: The nature of public attitudes: Equity and fairness instead of 'backyard motives'," Renewable and Sustainable Energy Reviews, Elsevier, vol. 11(6), pages 1188-1207, August.
- Christian von Hirschhausen, 2014. "The German Energiewend - An Introduction," Economics of Energy & Environmental Policy, International Association for Energy Economics, vol. 0(Number 2).
- Donovan, Charles & Nuñez, Laura, 2012. "Figuring what’s fair: The cost of equity capital for renewable energy in emerging markets," Energy Policy, Elsevier, vol. 40(C), pages 49-58.
- Andrea Masini & E. Menichetti, 2012. "The impact of behavioural factors in the renewable energy investment decision making process: Conceptual framework and empirical findings," Post-Print hal-00651706, HAL.
- Lindsay Price & Alissa Kendall, 2012. "Wind Power as a Case Study," Journal of Industrial Ecology, Yale University, vol. 16(s1), pages 22-27, April.
- Bronwyn H. Hall & Nathan Rosenberg (ed.), 2010. "Handbook of the Economics of Innovation," Handbook of the Economics of Innovation, Elsevier, edition 1, volume 1, number 1.
- Bode, Sven & Michaelowa, Axel, 2003. "Avoiding perverse effects of baseline and investment additionality determination in the case of renewable energy projects," Energy Policy, Elsevier, vol. 31(6), pages 505-517, May.
- Lise Backer, 2009. "When oil and wind turbine companies make green sense together," Business Strategy and the Environment, Wiley Blackwell, vol. 18(1), pages 43-52, January.
- George A. Akerlof, 1970. "The Market for "Lemons": Quality Uncertainty and the Market Mechanism," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 84(3), pages 488-500.
- Jean Tirole, 2006. "The Theory of Corporate Finance," Post-Print hal-00173191, HAL.
- repec:aen:journl:eeep3_2_01intro is not listed on IDEAS
- Carlos Carreira & Filipe Silva, 2010.
"No Deep Pockets: Some Stylized Empirical Results On Firms’ Financial Constraints,"
Journal of Economic Surveys, Wiley Blackwell, vol. 24(4), pages 731-753, September.
- Filipe Silva & Carlos Carreira, 2009. "No Deep Pockets: Some stylized results on firms' financial constraints," GEMF Working Papers 2009-06, GEMF, Faculty of Economics, University of Coimbra.
- Kahn, Edward, 1996. "The production tax credit for wind turbine powerplants is an ineffective incentive," Energy Policy, Elsevier, vol. 24(5), pages 427-435, May.
- Lena Kitzing & Christoph Weber, "undated". "Support mechanisms for renewables: How risk exposure influences investment incentives," EWL Working Papers 1403, University of Duisburg-Essen, Chair for Management Science and Energy Economics, revised Aug 2014.
- Muñoz, José Ignacio & Sánchez de la Nieta, Agustín A. & Contreras, Javier & Bernal-Agustín, José L., 2009. "Optimal investment portfolio in renewable energy: The Spanish case," Energy Policy, Elsevier, vol. 37(12), pages 5273-5284, December.
- Agterbosch, Susanne & Vermeulen, Walter & Glasbergen, Pieter, 2004. "Implementation of wind energy in the Netherlands: the importance of the social-institutional setting," Energy Policy, Elsevier, vol. 32(18), pages 2049-2066, December.
- Mulder, Machiel & Scholtens, Bert, 2013. "The impact of renewable energy on electricity prices in the Netherlands," Renewable Energy, Elsevier, vol. 57(C), pages 94-100.
- Richard R. Nelson, 1959. "The Simple Economics of Basic Scientific Research," Journal of Political Economy, University of Chicago Press, vol. 67(3), pages 297-297.
- Kungl, Gregor, 2014. "The incumbent German power companies in a changing environment: A comparison of E.ON, RWE, EnBW and Vattenfall from 1998 to 2013," Research Contributions to Organizational Sociology and Innovation Studies, SOI Discussion Papers 2014-03, University of Stuttgart, Institute for Social Sciences, Department of Organizational Sociology and Innovation Studies.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Steffen, Bjarne, 2020. "Estimating the cost of capital for renewable energy projects," Energy Economics, Elsevier, vol. 88(C).
- Chao Zhou & Dongyu Liu & Pengfei Zhou & Jie Luo & Serhat Yuksel & Hasan Dincer, 2020. "Hybrid Predictive Decision-Making Approach to Emission Reduction Policies for Sustainable Energy Industry," Energies, MDPI, vol. 13(9), pages 1-21, May.
- Stetter, Chris & Piel, Jan-Hendrik & Hamann, Julian F.H. & Breitner, Michael H., 2020. "Competitive and risk-adequate auction bids for onshore wind projects in Germany," Energy Economics, Elsevier, vol. 90(C).
- Anna L. SOBIECH & UCHIDA Hirofumi, 2023. "Characteristics of Green Loan Users and the Green Policy Mix," Discussion papers 23072, Research Institute of Economy, Trade and Industry (RIETI).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Bergek, Anna & Mignon, Ingrid & Sundberg, Gunnel, 2013. "Who invests in renewable electricity production? Empirical evidence and suggestions for further research," Energy Policy, Elsevier, vol. 56(C), pages 568-581.
- Silva Filipe & Carreira Carlos, 2017.
"Financial Constraints: Do They Matter to Allocate R&D Subsidies?,"
The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 17(4), pages 1-26, October.
- Filipe Silva & Carlos Carreira, 2012. "Financial Constraints: Do They Matter to R&D Subsidy Attribution?," GEMF Working Papers 2012-18, GEMF, Faculty of Economics, University of Coimbra.
- Polzin, Friedemann, 2017. "Mobilizing private finance for low-carbon innovation – A systematic review of barriers and solutions," Renewable and Sustainable Energy Reviews, Elsevier, vol. 77(C), pages 525-535.
- Grashof, Katherina, 2019. "Are auctions likely to deter community wind projects? And would this be problematic?," Energy Policy, Elsevier, vol. 125(C), pages 20-32.
- Shrimali, Gireesh & Nelson, David & Goel, Shobhit & Konda, Charith & Kumar, Raj, 2013. "Renewable deployment in India: Financing costs and implications for policy," Energy Policy, Elsevier, vol. 62(C), pages 28-43.
- Dirk Czarnitzki & Cindy Lopes-Bento, 2014.
"Innovation Subsidies: Does the Funding Source Matter for Innovation Intensity and Performance? Empirical Evidence from Germany,"
Industry and Innovation, Taylor & Francis Journals, vol. 21(5), pages 380-409, July.
- Czarnitzki, Dirk & Lopes Bento, Cindy, 2011. "Innovation subsidies: Does the funding source matter for innovation intensity and performance? Empirical evidence from Germany," ZEW Discussion Papers 11-053, ZEW - Leibniz Centre for European Economic Research.
- CZARNITZKI Dirk & LOPES BENTO Cindy, 2011. "Innovation subsidies: Does the funding source matter for innovation intensity and performance? Empirical evidence from Germany," LISER Working Paper Series 2011-42, Luxembourg Institute of Socio-Economic Research (LISER).
- Anders Gustafsson & Andreas Stephan & Alice Hallman & Nils Karlsson, 2016.
"The “sugar rush” from innovation subsidies: a robust political economy perspective,"
Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 43(4), pages 729-756, November.
- Gustafsson, Anders & Stephan, Andreas & karlson, Nils & Hallman, Alice, 2016. "The "Sugar Rush" from Innovation Subsidies. A Robust Political Economy Perspective," Ratio Working Papers 270, The Ratio Institute.
- Andreas Welling, 2017. "Green Finance: Recent developments, characteristics and important actors," FEMM Working Papers 170002, Otto-von-Guericke University Magdeburg, Faculty of Economics and Management.
- Czarnitzki, Dirk & Lopes-Bento, Cindy, 2013.
"Value for money? New microeconometric evidence on public R&D grants in Flanders,"
Research Policy, Elsevier, vol. 42(1), pages 76-89.
- Czarnitzki, Dirk & Lopes-Bento, Cindy, 2012. "Value for money? New microeconometric evidence on public R&D grants in Flanders," ZEW Discussion Papers 12-034, ZEW - Leibniz Centre for European Economic Research.
- Ugur, Mehmet & Trushin, Eshref & Solomon, Edna, 2015.
"UK and EU subsidies and private R&D investment: Is there input additionality?,"
MPRA Paper
68009, University Library of Munich, Germany, revised 16 Nov 2015.
- Ugur, Mehmet & Trushin, Esref & Solomon, Edna M., 2015. "UK and EU subsidies and private R&D investment: Is there input additionality?," Greenwich Papers in Political Economy 14082, University of Greenwich, Greenwich Political Economy Research Centre.
- Mignon, Ingrid & Bergek, Anna, 2016. "Investments in renewable electricity production: The importance of policy revisited," Renewable Energy, Elsevier, vol. 88(C), pages 307-316.
- Toivanen, Otto & Takalo, Tuomas & Tanayama, Tanja, 2017.
"Welfare Effects of R&D Support Policies,"
CEPR Discussion Papers
12155, C.E.P.R. Discussion Papers.
- Takalo, Tuomas & Tanayama, Tanja & Toivanen, Otto, 2017. "Welfare effects of R&D support policies," Bank of Finland Research Discussion Papers 30/2017, Bank of Finland.
- Takalo, Tuomas & Tanayama, Tanja & Toivanen, Otto, 2022. "Welfare effects of R&D support policies," Bank of Finland Research Discussion Papers 2/2022, Bank of Finland.
- Polzin, Friedemann & Egli, Florian & Steffen, Bjarne & Schmidt, Tobias S., 2019. "How do policies mobilize private finance for renewable energy?—A systematic review with an investor perspective," Applied Energy, Elsevier, vol. 236(C), pages 1249-1268.
- Nadine Levratto & Aurelien Quignon, 2021. "Innovation Performance and the Signal Effect: Evidence from a European Program," Working Papers halshs-03466903, HAL.
- Niesten, Eva & Jolink, Albert & Chappin, Maryse, 2018. "Investments in the Dutch onshore wind energy industry: A review of investor profiles and the impact of renewable energy subsidies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 81(P2), pages 2519-2525.
- Rydehell, Hanna & Lantz, Björn & Mignon, Ingrid & Lindahl, Johan, 2024. "The impact of solar PV subsidies on investment over time - the case of Sweden," Energy Economics, Elsevier, vol. 133(C).
- Guillaume Bourgeois & Sandrine Mathy & Philippe Menanteau, 2017. "The effect of climate policies on renewable energies : a review of econometric studies [L’effet des politiques climatiques sur les énergies renouvelables : une revue des études économétriques]," Post-Print hal-01585906, HAL.
- Francesco Squintani & Hugo A. Hopenhayn, 2016. "On the Direction of Innovation," 2016 Meeting Papers 1357, Society for Economic Dynamics.
- LOPES BENTO Cindy & CZARNITZKI Dirk, 2012. "Value for money? New microeconomic evidence on public R&D grants in Flanders," LISER Working Paper Series 2012-19, Luxembourg Institute of Socio-Economic Research (LISER).
- Aurélien Quignon & Nadine Levratto, 2021. "Innovation Performance and the Signal Effect: Evidence from a European Program," EconomiX Working Papers 2021-34, University of Paris Nanterre, EconomiX.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:inecol:v:21:y:2017:i:2:p:402-411. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=1088-1980 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.