Financing the Alternative: Renewable Energy in Developing and Transition Countries

Abstract

Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in EconStor may March 2006Abstract This paper examines the determinants of credit allocation to renewable energy firms in developing and transition countries. Using a simple endogenous growth model, we show that the development of the renewable energy sector, i.e. the diversification of renewable energy resources used in primary energy production, depends on the quality of financial intermediation, debtor information costs to banks, and financing needs of renewable energy firms. Policies should aim at increasing financial sector performance through better institutional frameworks and improving financing conditions for new energy firms. The empirical analysis confirms the positive effect of financial intermediary development on the renewable energy sector.

Finance for renewable energy: an empirical analysis of developing and transition economies

“…Note that since that initial experience, Barclays has financed similar projects in Africa, including another small hydro plant in Kenya, and -together with a South African bank -a 250 MW hydro-electric station, again on the Nile river in Uganda. 7 The theoretical contributions on this topic are equally scarce: one attempt to model the connections between finance and RE sector development is presented in Brunnschweiler (2006). 8 Missing finance is obviously connected to the more general policy framework for RETs: as previous literature has pointed out, limited financing of RETs derives not only from underdeveloped financial intermediators, but also from the lack of a specific policy design, and/or crowding-out effects from government policies favouring investment in fossil fuel projects (Churchill and Saunders, 1989;Wohlgemuth and Painuly, 1999;Head, 2000;World Bank, 2002;Sonntag-O'Brien and Usher, 2004b;UNEP FI, 2004).…”

“… 7 The theoretical contributions on this topic are equally scarce: one attempt to model the connections between finance and RE sector development is presented in Brunnschweiler (2006). …”

Analisis Alternatif Model Pembiayaan Pengelolaan Sampah untuk Pengembangan Pembangkit Listrik Tenaga Sampah

“…Penelitian yang dilakukan oleh Cheng dan Hu (2010), Brunnschweiler (2011), Delina (2011), dan Xin-Gang, et. al.…”

“…al. (2016), Brunnschweiler (2011 dan Delina (2011), melakukan penelitian di China menjelaskan bahwa permasalahan pendanaan untuk WTE dapat berasal dari dana pemerintah. Hal tersebut dilakukan di negara China yang menggunakan sumber pendanaan WTE yang berasal dari pemerintah.…”

Towards sustainable financing models for micro-hydro plants in Sub-Saharan African countries: A theoretical review

“…Besides, the few active ones lack coordination and information sharing (Gamula et al, 2013). This results in constant repetitions of setbacks already encountered by others, difficulties in financing projects, weak industrial back-up for the various components which have to be imported, high information costs and long lead times that hampers the emergence of entrepreneurs (Brunnschweiler, 2006;Gamula et al, 2013). Thus exchange among stakeholders must be encouraged as it would help circulation of feedback on market activity and anticipation of factors that may impact them (IRENA, 2012A).…”