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Observ'ER, 146, rue de l'Universite, F-75007 Paris (France); Energy Research Centre of the Netherlands - ECN, Westerduinweg 3, 1755 LE, Petten (Netherlands); The Renewables Academy AG - RENAC, Schoenhauser Allee 10/11, 10119 Berlin (Germany); Frankfurt School of Finance and Management, Adickesallee 32-34, 60322 Frankfurt am Main (Germany); Fraunhofer Institute for Systems and Innovation Research - Fraunhofer ISI, Breslauer Str. 48, 76139 Karlsruhe (Germany); Statistics Netherlands (Netherlands)2020
AbstractAbstract
[en] Under the current macro-economic trends, the so far abundant support system for renewables (mainly in the form of feed-in-tariffs and quota systems) has been drastically modified. In many EU countries, companies are trying to find alternative ways to secure financing for their renewable energy projects. Therefore, new ways of attracting private capital for the realisation of green energy goals have to replace the old schemes. Some new forms of financing are coming together with the EU Cohesion Policy 2014-2020 (project guarantees, packaging of small project for micro-financing schemes at the regional level, preferential loan instead of subsidies etc.). Advanced financial structures are likely to play an increasingly important role in the allocation of risk and reward among different investor classes. The finance and investment gap needs to be filled by the private sector. The challenge is to identify the appropriate policy options and financial tools to attract and scale-up private investments. There are, however, already innovative and promising business and financial models to promote the deployment of RES in the EU. The aim of the EurObserv'ER case studies is to find such examples and describe them so as to put forward the best practices and the replicability of the future promising financing mechanisms. EurObserv'ER will aim at choosing only the most promising ones and try to describe them in order to promote replicability in other geographical areas. The selection criteria for the choice of case studies should ensure (i) diversity across regions and RES, (ii) diversity across finance instruments/mechanisms, (iii) success of approach and its potential to be replicated, (iv) and a wide range of the 'size' of actors/ investors and the resulting RES investments (capacity). The current selection also takes into account the fact that there were already some case studies published in 2014, 2015, 2018 and 2019. These are also available for download on the project web site: www.eurobserv-er.org
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2020; 12 p; Available from the INIS Liaison Officer for France, see the INIS website for current contact and E-mail addresses
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