Clearing barriers to project finance for renewable energy in developing countries: A Philippines case study
Author
Abstract
Suggested Citation
DOI: 10.1016/j.enpol.2019.111008
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
- García-Álvarez, María Teresa & Cabeza-García, Laura & Soares, Isabel, 2017. "Analysis of the promotion of onshore wind energy in the EU: Feed-in tariff or renewable portfolio standard?," Renewable Energy, Elsevier, vol. 111(C), pages 256-264.
- 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.
- Aquila, Giancarlo & Pamplona, Edson de Oliveira & Queiroz, Anderson Rodrigo de & Rotela Junior, Paulo & Fonseca, Marcelo Nunes, 2017. "An overview of incentive policies for the expansion of renewable energy generation in electricity power systems and the Brazilian experience," Renewable and Sustainable Energy Reviews, Elsevier, vol. 70(C), pages 1090-1098.
- Elbert Dijkgraaf & Tom P. van Dorp & Emiel Maasland, 2018.
"On the Effectiveness of Feed-in Tariffs in the Development of Solar Photovoltaics,"
The Energy Journal, , vol. 39(1), pages 81-100, January.
- Elbert Dijkgraaf & Tom P. van Dorp & Emiel Maasland, 2018. "On the effectiveness of feed-in tariffs in the development of solar photovoltaics," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1).
- Yescombe, E. R., 2013. "Principles of Project Finance," Elsevier Monographs, Elsevier, edition 2, number 9780123910585.
- Schmid, Gisèle, 2012. "The development of renewable energy power in India: Which policies have been effective?," Energy Policy, Elsevier, vol. 45(C), pages 317-326.
- Stefanie Kleimeier & Roald Versteeg, 2010.
"Project finance as a driver of economic growth in low‐income countries,"
Review of Financial Economics, John Wiley & Sons, vol. 19(2), pages 49-59, April.
- Kleimeier, Stefanie & Versteeg, Roald, 2010. "Project finance as a driver of economic growth in low-income countries," Review of Financial Economics, Elsevier, vol. 19(2), pages 49-59, April.
- Kleimeier, S. & Versteeg, R.J., 2009. "Project finance as a driver of economic growth in low-income countries," Research Memorandum 011, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
- Polzin, Friedemann & Migendt, Michael & Täube, Florian A. & von Flotow, Paschen, 2015.
"Public policy influence on renewable energy investments—A panel data study across OECD countries,"
Energy Policy, Elsevier, vol. 80(C), pages 98-111.
- Friedemann Polzin & Michael Migendt & Paschen von Flotow & Florian Taübe, 2015. "Public policy influence on renewable energy investments-A panel data study across OECD countries," ULB Institutional Repository 2013/197763, ULB -- Universite Libre de Bruxelles.
- Sovacool, Benjamin K., 2013. "Energy policymaking in Denmark: Implications for global energy security and sustainability," Energy Policy, Elsevier, vol. 61(C), pages 829-839.
- Hainz, Christa & Kleimeier, Stefanie, 2012. "Political risk, project finance, and the participation of development banks in syndicated lending," Journal of Financial Intermediation, Elsevier, vol. 21(2), pages 287-314.
- Lipp, Judith, 2007. "Lessons for effective renewable electricity policy from Denmark, Germany and the United Kingdom," Energy Policy, Elsevier, vol. 35(11), pages 5481-5495, November.
- Couture, Toby & Gagnon, Yves, 2010. "An analysis of feed-in tariff remuneration models: Implications for renewable energy investment," Energy Policy, Elsevier, vol. 38(2), pages 955-965, February.
- Francesco Corielli & Stefano Gatti & Alessandro Steffanoni, 2010. "Risk Shifting through Nonfinancial Contracts: Effects on Loan Spreads and Capital Structure of Project Finance Deals," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 42(7), pages 1295-1320, October.
- 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.
- Becker, Bastian & Fischer, Doris, 2013.
"Promoting renewable electricity generation in emerging economies,"
Energy Policy, Elsevier, vol. 56(C), pages 446-455.
- Becker, Bastian & Fischer, Doris, 2012. "Promoting renewable electricity generation in emerging economies," IDOS Discussion Papers 9/2012, German Institute of Development and Sustainability (IDOS).
- Byoun, Soku & Xu, Zhaoxia, 2014. "Contracts, governance, and country risk in project finance: Theory and evidence," Journal of Corporate Finance, Elsevier, vol. 26(C), pages 124-144.
- Benjamin C. Esty, 2004. "Why Study Large Projects? An Introduction to Research on Project Finance," European Financial Management, European Financial Management Association, vol. 10(2), pages 213-224, June.
- Friebe, Christian A. & von Flotow, Paschen & Täube, Florian A., 2014.
"Exploring technology diffusion in emerging markets – the role of public policy for wind energy,"
Energy Policy, Elsevier, vol. 70(C), pages 217-226.
- Christian A. Friebe & Paschen von Flotow & Florian Taübe, 2014. "Exploring technology diffusion in emerging markets: The role of public policy for wind energy," ULB Institutional Repository 2013/206763, ULB -- Universite Libre de Bruxelles.
- Steffen, Bjarne, 2018. "The importance of project finance for renewable energy projects," Energy Economics, Elsevier, vol. 69(C), pages 280-294.
- Pollio, Gerald, 1998. "Project finance and international energy development," Energy Policy, Elsevier, vol. 26(9), pages 687-697, August.
- Jacobs, David & Marzolf, Natacha & Paredes, Juan Roberto & Rickerson, Wilson & Flynn, Hilary & Becker-Birck, Christina & Solano-Peralta, Mauricio, 2013. "Analysis of renewable energy incentives in the Latin America and Caribbean region: The feed-in tariff case," Energy Policy, Elsevier, vol. 60(C), pages 601-610.
- Rickerson, Wilson & Hanley, Christina & Laurent, Chad & Greacen, Chris, 2013. "Implementing a global fund for feed-in tariffs in developing countries: A case study of Tanzania," Renewable Energy, Elsevier, vol. 49(C), pages 29-32.
- Tongsopit, Sopitsuda & Greacen, Chris, 2013. "An assessment of Thailand's feed-in tariff program," Renewable Energy, Elsevier, vol. 60(C), pages 439-445.
- Ng, Thiam Hee & Tao, Jacqueline Yujia, 2016. "Bond financing for renewable energy in Asia," Energy Policy, Elsevier, vol. 95(C), pages 509-517.
- Wong, S.L. & Ngadi, Norzita & Abdullah, Tuan Amran Tuan & Inuwa, I.M., 2015. "Recent advances of feed-in tariff in Malaysia," Renewable and Sustainable Energy Reviews, Elsevier, vol. 41(C), pages 42-52.
- Miguel Cárdenas Rodríguez & Ivan Haščič & Nick Johnstone & Jérôme Silva & Antoine Ferey, 2015. "Renewable Energy Policies and Private Sector Investment: Evidence from Financial Microdata," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 62(1), pages 163-188, September.
- Kann, Shayle, 2009. "Overcoming barriers to wind project finance in Australia," Energy Policy, Elsevier, vol. 37(8), pages 3139-3148, August.
- Richard A. Brealey & Ian A. Cooper & Michel A. Habib, 1996. "Using Project Finance To Fund Infrastructure Investments," Journal of Applied Corporate Finance, Morgan Stanley, vol. 9(3), pages 25-39, September.
- Ebers Broughel, Anna & Hampl, Nina, 2018. "Community financing of renewable energy projects in Austria and Switzerland: Profiles of potential investors," Energy Policy, Elsevier, vol. 123(C), pages 722-736.
- Washburn, C. & Pablo-Romero, M., 2019. "Measures to promote renewable energies for electricity generation in Latin American countries," Energy Policy, Elsevier, vol. 128(C), pages 212-222.
- McCombie, Charles & Jefferson, Michael, 2016. "Renewable and nuclear electricity: Comparison of environmental impacts," Energy Policy, Elsevier, vol. 96(C), pages 758-769.
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.- 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.
- Steffen, Bjarne, 2018. "The importance of project finance for renewable energy projects," Energy Economics, Elsevier, vol. 69(C), pages 280-294.
- Barroco, Jose, 2021. "Designing financeable ancillary services revenue contracts in developing economies: Learnings from the Philippines," Energy Policy, Elsevier, vol. 152(C).
- Dorobantu, Sinziana & Müllner, Jakob, 2019. "Debt-side governance and the geography of project finance syndicates," Journal of Corporate Finance, Elsevier, vol. 57(C), pages 161-179.
- Benavides-Franco, Julián & Gómez, Juan M. & Pérez-Uribe, Miguel A., 2023. "Determinants of Project Finance success for renewable energy," Renewable Energy, Elsevier, vol. 211(C), pages 188-201.
- Sakah, Marriette & Diawuo, Felix Amankwah & Katzenbach, Rolf & Gyamfi, Samuel, 2017. "Towards a sustainable electrification in Ghana: A review of renewable energy deployment policies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 79(C), pages 544-557.
- Aquila, Giancarlo & Pamplona, Edson de Oliveira & Queiroz, Anderson Rodrigo de & Rotela Junior, Paulo & Fonseca, Marcelo Nunes, 2017. "An overview of incentive policies for the expansion of renewable energy generation in electricity power systems and the Brazilian experience," Renewable and Sustainable Energy Reviews, Elsevier, vol. 70(C), pages 1090-1098.
- Huenteler, Joern, 2014. "International support for feed-in tariffs in developing countries—A review and analysis of proposed mechanisms," Renewable and Sustainable Energy Reviews, Elsevier, vol. 39(C), pages 857-873.
- Waidelich, Paul & Steffen, Bjarne, 2024. "Renewable energy financing by state investment banks: Evidence from OECD countries," Energy Economics, Elsevier, vol. 132(C).
- Müllner, Jakob, 2016. "From uncertainty to risk—A risk management framework for market entry," Journal of World Business, Elsevier, vol. 51(5), pages 800-814.
- Gohdes, Nicholas & Simshauser, Paul & Wilson, Clevo, 2022.
"Renewable entry costs, project finance and the role of revenue quality in Australia's National Electricity Market,"
Energy Economics, Elsevier, vol. 114(C).
- Gohdes, N. & Simshauser, P., 2022. "Renewable entry costs, project finance and the role of revenue quality in Australia's National Electricity Market," Cambridge Working Papers in Economics 2206, Faculty of Economics, University of Cambridge.
- Nicholas Gohdes & Paul Simshauser, 2022. "Renewable entry costs, project finance and the role of revenue quality in Australia’s National Electricity Market," Working Papers EPRG2204, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
- Best, Rohan & Burke, Paul J., 2018.
"Adoption of solar and wind energy: The roles of carbon pricing and aggregate policy support,"
Energy Policy, Elsevier, vol. 118(C), pages 404-417.
- Rohan Best & Paul J. Burke, 2018. "Adoption of solar and wind energy: The roles of carbon pricing and aggregate policy support," CCEP Working Papers 1803, Centre for Climate & Energy Policy, Crawford School of Public Policy, The Australian National University.
- Christian Haas & Karol Kempa, 2023. "Low-Carbon Investment and Credit Rationing," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 86(1), pages 109-145, October.
- Mukisa, Nicholas & Zamora, Ramon & Lie, Tek Tjing, 2021. "Store-on grid scheme model for grid-tied solar photovoltaic systems for industrial sector application: Benefits analysis," Renewable Energy, Elsevier, vol. 171(C), pages 1257-1275.
- Jakob Müllner & Sinziana Dorobantu, 2023. "Overcoming political risk in developing economies through non-local debt," Journal of International Business Policy, Palgrave Macmillan, vol. 6(2), pages 159-181, June.
- Escoffier, Margaux & Hache, Emmanuel & Mignon, Valérie & Paris, Anthony, 2021.
"Determinants of solar photovoltaic deployment in the electricity mix: Do oil prices really matter?,"
Energy Economics, Elsevier, vol. 97(C).
- Margaux ESCOFFIER & Emmanuel HACHE & Valérie MIGNON & Anthony PARIS, 2019. "Determinants of solar photovoltaic deployment in the electricity mix: Do oil prices really matter?," LEO Working Papers / DR LEO 2729, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans.
- Margaux Escoffier & Emmanuel Hache & Valérie Mignon & Anthony Paris, 2021. "Determinants of solar photovoltaic deployment in the electricity mix : Do oil prices really matter?," Post-Print hal-03339134, HAL.
- Valérie Mignon & Margaux Escoffier & Anthony Paris & Emmanuel Hache, 2021. "Determinants of solar photovoltaic deployment in the electricity mix: Do oil prices really matter?," Post-Print hal-02995105, HAL.
- Valérie Mignon & Margaux Escoffier & Emmanuel Hache & Anthony Paris, 2019. "Determinants of solar photovoltaic deployment in the electricity mix: Do oil prices really matter?," Post-Print hal-04436178, HAL.
- Gohdes, Nicholas & Simshauser, Paul & Wilson, Clevo, 2023. "Renewable investments, hybridised markets and the energy crisis: Optimising the CfD-merchant revenue mix," Energy Economics, Elsevier, vol. 125(C).
- Marques, António Cardoso & Fuinhas, José Alberto & Pereira, Diogo Santos, 2019. "The dynamics of the short and long-run effects of public policies supporting renewable energy: A comparative study of installed capacity and electricity generation," Economic Analysis and Policy, Elsevier, vol. 63(C), pages 188-206.
- Jakob Müllner, 2017. "International project finance: review and implications for international finance and international business," Management Review Quarterly, Springer, vol. 67(2), pages 97-133, April.
- Elie, Luc & Granier, Caroline & Rigot, Sandra, 2021. "The different types of renewable energy finance: A Bibliometric analysis," Energy Economics, Elsevier, vol. 93(C).
More about this item
Keywords
Project finance; Developing country; Feed-in tariff; Renewable energy; Project risk; Energy investment;All these keywords.
Statistics
Access and download statisticsCorrections
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:eee:enepol:v:135:y:2019:i:c:s0301421519305956. 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: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/enpol .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.