Impact of public policy uncertainty on renewable energy investment: Wind power and the production tax credit

Barradale, Merrill Jones

doi:10.1016/j.enpol.2010.08.021

Cited by 214 publications

(112 citation statements)

References 9 publications

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“…also Bolinger et al, 2009;Bolinger and Wiser, 2006). She also shows that IPPs' choice between long-term contracts and spot market transactions is partly dependent on whether they need to secure finance for their project from external sources (Barradale, 2010).…”

Section: Factors That Influence Investment Behavior: Ideas From Relatmentioning

confidence: 99%

“…Risk propensity also influences investors' policy preferences (Couture and Gagnon, 2010). Barradale (2010) shows that motives and risk propensity influence investors' choices of ownership models. Actors who want to invest in RES-E for strategic reasons but who are less interested in tax credits can cooperate with "tax investors" who can use the tax credits but are not interested in renewables per se because of the risks involved (cf.…”

Section: Factors That Influence Investment Behavior: Ideas From Relatmentioning

confidence: 99%

See 1 more Smart Citation

Who invests in renewable electricity production? Empirical evidence and suggestions for further research

Bergek¹,

Mignon²,

Sundberg³

2013

Energy Policy

136

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Tranforming energy systems to fulfill the needs of a low-carbon economy requires large investments in renewable electricity production (RES-E). Recent literature underlines the need to take a closer look at the composition of the RES-E investor group in order to understand the motives and investment processes of different types of investors. However, existing energy policies generally consider RES-E investments made on a regional or national level, and target investors who evaluate their RES-E investments according to least-cost high-profit criteria. We present empirical evidence to show that RES-E investments are made by a heterogeneous group of investors, that a variety of investors exist and that their formation varies among the different types of renewable sources. This has direct implications for our understanding of the investment process in RES-E and for the study of motives and driving forces of RES-E investors. We introduce a multi-dimensional framework for analyzing differences between categories of investors, which not only considers to the standard economic dimension which is predominant in the contemporary energy literature, but also considers the entrepreneurship, innovation-adoption and institutional dimensions. The framework emphasizes the influence of four main investor-related factors on the investment process which should be studied in future research: motives, background, resources and personal characteristics.

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Section: Factors That Influence Investment Behavior: Ideas From Relatmentioning

confidence: 99%

Section: Factors That Influence Investment Behavior: Ideas From Relatmentioning

confidence: 99%

Who invests in renewable electricity production? Empirical evidence and suggestions for further research

Bergek¹,

Mignon²,

Sundberg³

2013

Energy Policy

136

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show abstract

“…Barradale, 2010). In capital-intensive sectors, such as the automotive and energy sectors, the perceived stability of policy instruments over an extended period of time is of particular importance.…”

mentioning

confidence: 99%

The impact of environmental policy instruments on innovation: A review of energy and automotive industry studies

Bergek

Berggren

2014

Ecological Economics

191

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“…The actual capacity factor realised in existing wind farms (CF real ) in China and the US can be expressed using the last three factors (CF est , Q and Cr) in equation (4).…”

Section: Methodsmentioning

confidence: 99%

Challenges faced by China compared with the US in developing wind power

et al. 2016

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Impact of public policy uncertainty on renewable energy investment: Wind power and the production tax credit

Cited by 214 publications

References 9 publications

Who invests in renewable electricity production? Empirical evidence and suggestions for further research

Who invests in renewable electricity production? Empirical evidence and suggestions for further research

The impact of environmental policy instruments on innovation: A review of energy and automotive industry studies

Challenges faced by China compared with the US in developing wind power

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