Article thumbnail

Challenges in mobilising financial resources for renewable energy-The cases of biomass gasification and offshore wind power

By Kersti Karltorp


To mitigate climate change, substantial investments are needed in emerging renewable energy technologies. However, developers of the technologies - both capital goods suppliers and utilities - lack the capital to make the required investments, and other investors hesitate because of the high risks and low returns involved. This article analyses the challenges of financing the development and large-scale diffusion of biomass gasification and offshore wind power in Europe. Biomass gasification needs to take the step from public to private finance and find investors willing to make a sizable investment with high risk. Mobilising the amount of capital needed to bring about large-scale diffusion of offshore wind power will require innovative financial solutions. To overcome these challenges, changes are needed in both the financial sector and in firms in the energy sector. Amongst other suggestions this article points to bonds specially designed for renewable energy as one way to increase investment

Topics: Earth and Related Environmental Sciences, Biomass gasification, Resource mobilisation, Finance, Technological innovation system, Offshore wind power
Publisher: 'Elsevier BV'
Year: 2016
DOI identifier: 10.1016/j.eist.2015.10.002
OAI identifier:
Provided by: Chalmers Research
Download PDF:
Sorry, we are unable to provide the full text but you may find it at the following location(s):
  • (external link)
  • (external link)
  • Suggested articles

    To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.